Corbyn Investment Management Inc. MD Reduces Stock Position in American National Bankshares Inc. (NASDAQ:AMNB)


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Corbyn Investment Management Inc. MD lessened its holdings in American National Bankshares Inc. (NASDAQ:AMNB) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,963 shares of the financial services provider’s stock after selling 565 shares during the quarter. Corbyn Investment Management Inc. MD owned approximately 0.38% of American National Bankshares worth $1,100,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AMNB. Monarch Partners Asset Management LLC purchased a new position in shares of American National Bankshares during the fourth quarter worth about $1,613,000. BlackRock Inc. grew its holdings in shares of American National Bankshares by 4.5% during the fourth quarter. BlackRock Inc. now owns 799,945 shares of the financial services provider’s stock worth $20,967,000 after purchasing an additional 34,624 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of American National Bankshares by 448.5% during the third quarter. BNP Paribas Arbitrage SA now owns 2,644 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 2,162 shares during the last quarter. Smith Salley & Associates grew its holdings in shares of American National Bankshares by 0.6% during the third quarter. Smith Salley & Associates now owns 200,603 shares of the financial services provider’s stock worth $4,195,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in shares of American National Bankshares during the fourth quarter worth about $26,000. 36.48% of the stock is currently owned by institutional investors.

Shares of AMNB traded up $0.28 during mid-day trading on Tuesday, hitting $29.76. 27,755 shares of the company’s stock were exchanged, compared to its average volume of 24,243. American National Bankshares Inc. has a fifty-two week low of $18.53 and a fifty-two week high of $34.83. The firm has a market capitalization of $326.50 million, a P/E ratio of 11.45 and a beta of 1.09. The business’s 50 day moving average is $28.60 and its two-hundred day moving average is $25.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11.

American National Bankshares (NASDAQ:AMNB) last announced its earnings results on Wednesday, January 20th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.17. American National Bankshares had a net margin of 25.52% and a return on equity of 8.95%. The business had revenue of $26.37 million during the quarter, compared to the consensus estimate of $25.92 million. On average, equities research analysts forecast that American National Bankshares Inc. will post 2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 19th. Stockholders of record on Friday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, March 4th. This represents a $1.08 annualized dividend and a dividend yield of 3.63%. American National Bankshares’s dividend payout ratio (DPR) is 34.84%.

Several brokerages have issued reports on AMNB. Zacks Investment Research raised American National Bankshares from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Thursday, January 7th. TheStreet raised American National Bankshares from a “c+” rating to a “b” rating in a report on Monday, November 16th. Finally, Raymond James increased their target price on shares of American National Bankshares from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, January 22nd.

American National Bankshares Profile

American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segments, Community Banking, and Trust and Investment Services. It accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits, as well as certificates of deposit.

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

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