Trexquant Investment LP Takes Position in American National Bankshares Inc. (NASDAQ:AMNB)

Trexquant Investment LP purchased a new stake in American National Bankshares Inc. (NASDAQ:AMNB) in the second quarter, according to its most recent filing with the SEC. The fund purchased 8,131 shares of the financial services provider’s stock, valued at approximately $253,000. Trexquant Investment LP owned about 0.07% of American National Bankshares at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMNB. BNP Paribas Arbitrage SA boosted its position in American National Bankshares by 74.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,019 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 2,134 shares during the period. BlackRock Inc. boosted its position in American National Bankshares by 5.5% during the 1st quarter. BlackRock Inc. now owns 843,907 shares of the financial services provider’s stock valued at $27,908,000 after purchasing an additional 43,962 shares during the period. State of Tennessee Treasury Department acquired a new position in American National Bankshares during the 1st quarter valued at approximately $65,000. Russell Investments Group Ltd. acquired a new position in American National Bankshares during the 1st quarter valued at approximately $114,000. Finally, Acadian Asset Management LLC boosted its position in American National Bankshares by 16.0% during the 1st quarter. Acadian Asset Management LLC now owns 14,900 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 2,056 shares during the period. Institutional investors and hedge funds own 37.94% of the company’s stock.

Shares of AMNB stock opened at $34.20 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.87 and a current ratio of 0.87. American National Bankshares Inc. has a 1 year low of $21.95 and a 1 year high of $36.50. The stock has a fifty day moving average of $33.09 and a two-hundred day moving average of $32.97. The firm has a market capitalization of $371.96 million, a PE ratio of 9.83 and a beta of 1.14.

American National Bankshares (NASDAQ:AMNB) last announced its quarterly earnings results on Wednesday, July 21st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.22. American National Bankshares had a return on equity of 11.20% and a net margin of 32.93%. The company had revenue of $26.91 million during the quarter, compared to analyst estimates of $25.66 million. Equities research analysts predict that American National Bankshares Inc. will post 3.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, September 3rd were issued a $0.27 dividend. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $1.08 annualized dividend and a dividend yield of 3.16%. American National Bankshares’s dividend payout ratio (DPR) is 39.56%.

A number of research firms recently issued reports on AMNB. Keefe, Bruyette & Woods upgraded American National Bankshares from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $35.00 to $37.00 in a research report on Sunday, July 25th. Zacks Investment Research lowered American National Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, October 4th.

About American National Bankshares

American National Bankshares, Inc (Virginia) is a one-bank holding company, which engages in the provision of financial products and services. It offers commercial, mortgage and consumer banking, trust and investment services, and insurance. It operates through the following segments: Community Banking, Trust and Investment Services, and Other.

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

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