American National Bankshares Inc. (NASDAQ:AMNB – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $45.20 and traded as high as $48.25. American National Bankshares shares last traded at $47.76, with a volume of 119,400 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of American National Bankshares in a report on Saturday. They set a “sell” rating on the stock.
View Our Latest Stock Report on American National Bankshares
American National Bankshares Stock Down 0.3 %
American National Bankshares Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, February 16th. American National Bankshares’s payout ratio is 48.98%.
Institutional Investors Weigh In On American National Bankshares
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in American National Bankshares by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 501,630 shares of the financial services provider’s stock worth $19,032,000 after acquiring an additional 1,454 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in American National Bankshares by 293.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 242,412 shares of the financial services provider’s stock worth $9,197,000 after acquiring an additional 180,767 shares during the last quarter. American National Bank & Trust Co. VA bought a new stake in American National Bankshares during the 1st quarter worth approximately $5,897,000. Gardner Lewis Asset Management L P grew its holdings in American National Bankshares by 118.2% during the 4th quarter. Gardner Lewis Asset Management L P now owns 85,702 shares of the financial services provider’s stock worth $4,178,000 after acquiring an additional 46,429 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of American National Bankshares in the 3rd quarter worth approximately $3,021,000. 47.92% of the stock is owned by institutional investors.
About American National Bankshares
As of April 1, 2024, American National Bankshares Inc was acquired by Atlantic Union Bankshares Corporation. American National Bankshares Inc operates as the bank holding company for American National Bank and Trust Company that engages in the provision of financial products and services. The company operates through two segments: Community Banking and Wealth Management.
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