First Trust Advisors LP lifted its position in shares of American National Bankshares, Inc. (NASDAQ:AMNB) by 200.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,013 shares of the financial services provider’s stock after acquiring an additional 13,348 shares during the period. First Trust Advisors LP owned 0.23% of American National Bankshares worth $739,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in AMNB. Wells Fargo & Company MN grew its position in shares of American National Bankshares by 2.3% during the first quarter. Wells Fargo & Company MN now owns 6,974 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 159 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of American National Bankshares by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 52,049 shares of the financial services provider’s stock worth $1,939,000 after acquiring an additional 1,843 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of American National Bankshares by 1.4% during the first quarter. Parametric Portfolio Associates LLC now owns 7,897 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 107 shares during the last quarter. Martingale Asset Management L P grew its position in shares of American National Bankshares by 17.2% during the first quarter. Martingale Asset Management L P now owns 13,602 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of American National Bankshares by 12.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,539 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 847 shares during the last quarter. Institutional investors and hedge funds own 34.47% of the company’s stock.

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American National Bankshares, Inc. (NASDAQ:AMNB) opened at 39.40 on Friday. American National Bankshares, Inc. has a 52-week low of $26.41 and a 52-week high of $42.50. The stock’s 50 day moving average is $36.92 and its 200 day moving average is $36.91. The company has a market cap of $340.49 million, a price-to-earnings ratio of 20.74 and a beta of 0.78.

American National Bankshares (NASDAQ:AMNB) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.49. The company had revenue of $17.26 million during the quarter, compared to analysts’ expectations of $16.93 million. American National Bankshares had a return on equity of 8.05% and a net margin of 22.82%. On average, analysts predict that American National Bankshares, Inc. will post $2.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.44%. American National Bankshares’s payout ratio is presently 50.79%.

Several equities analysts have recently commented on AMNB shares. Zacks Investment Research lowered shares of American National Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. ValuEngine upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of American National Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $39.00 price target on shares of American National Bankshares in a research report on Thursday, July 27th.

American National Bankshares Profile

American National Bankshares Inc is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. The Community banking segment involves making loans to and generating deposits from individuals and businesses.

Institutional Ownership by Quarter for American National Bankshares (NASDAQ:AMNB)

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