American National Bankshares (NASDAQ:AMNB) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of American National Bankshares (NASDAQ:AMNB) in a report released on Saturday. The firm set a “sell” rating on the financial services provider’s stock.

American National Bankshares Stock Performance

Shares of American National Bankshares stock opened at $47.76 on Friday. The firm’s 50-day simple moving average is $46.87 and its 200-day simple moving average is $45.29. American National Bankshares has a 1 year low of $25.26 and a 1 year high of $50.76. The firm has a market cap of $507.69 million, a PE ratio of 19.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SG Americas Securities LLC raised its position in shares of American National Bankshares by 26.3% during the 4th quarter. SG Americas Securities LLC now owns 5,607 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 1,169 shares during the period. PenderFund Capital Management Ltd. lifted its stake in American National Bankshares by 13.5% in the fourth quarter. PenderFund Capital Management Ltd. now owns 11,770 shares of the financial services provider’s stock valued at $574,000 after buying an additional 1,400 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of American National Bankshares by 0.3% during the third quarter. Vanguard Group Inc. now owns 501,630 shares of the financial services provider’s stock valued at $19,032,000 after acquiring an additional 1,454 shares during the period. ORG Partners LLC bought a new position in shares of American National Bankshares during the third quarter worth about $92,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of American National Bankshares in the 4th quarter worth about $246,000. 47.92% of the stock is currently owned by institutional investors.

American National Bankshares Company Profile

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.