Bank of New York Mellon Corp increased its position in American National Bankshares Inc. (NASDAQ:AMNB) by 0.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 45,479 shares of the financial services provider’s stock after buying an additional 415 shares during the period. Bank of New York Mellon Corp owned 0.53% of American National Bankshares worth $1,145,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of AMNB. Trust Co. of Virginia VA bought a new position in shares of American National Bankshares during the second quarter worth approximately $417,000. Wedge Capital Management L L P NC boosted its position in American National Bankshares by 109.1% in the second quarter. Wedge Capital Management L L P NC now owns 20,700 shares of the financial services provider’s stock worth $521,000 after buying an additional 10,800 shares in the last quarter. Renaissance Technologies LLC boosted its position in American National Bankshares by 12.6% in the first quarter. Renaissance Technologies LLC now owns 68,300 shares of the financial services provider’s stock worth $1,730,000 after buying an additional 7,630 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in American National Bankshares by 1.7% in the first quarter. Geode Capital Management LLC now owns 44,710 shares of the financial services provider’s stock worth $1,132,000 after buying an additional 742 shares in the last quarter. Institutional investors own 30.83% of the company’s stock.
American National Bankshares Inc. (NASDAQ:AMNB) traded up 0.3267% on Friday, reaching $27.8507. The company’s stock had a trading volume of 3,811 shares. American National Bankshares Inc. has a 52-week low of $22.29 and a 52-week high of $28.50. The stock’s 50 day moving average price is $27.31 and its 200 day moving average price is $26.53. The firm has a market cap of $239.77 million, a PE ratio of 14.2751 and a beta of 0.64.
American National Bankshares (NASDAQ:AMNB) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. American National Bankshares had a return on equity of 8.46% and a net margin of 24.44%. Equities research analysts expect that American National Bankshares Inc. will post $1.85 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.46%. American National Bankshares’s dividend payout ratio is presently 49.23%.
Separately, Zacks Investment Research cut American National Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
American National Bankshares Company 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. Community banking involves making loans to and generating deposits from individuals and businesses.