American National Bankshares Inc. (NASDAQ:AMNB) Short Interest Up 32.9% in August

American National Bankshares Inc. (NASDAQ:AMNB) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 114,000 shares, a growth of 32.9% from the August 15th total of 85,800 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is presently 5.9 days. Approximately 1.1% of the company’s stock are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMNB. State of Tennessee Treasury Department bought a new stake in American National Bankshares during the first quarter worth $65,000. Metropolitan Life Insurance Co NY raised its position in shares of American National Bankshares by 108,200.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 3,249 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 3,246 shares during the period. Russell Investments Group Ltd. bought a new position in shares of American National Bankshares in the first quarter valued at about $114,000. BNP Paribas Arbitrage SA raised its position in shares of American National Bankshares by 74.0% in the first 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. Finally, Royal Bank of Canada raised its position in shares of American National Bankshares by 7.2% in the first quarter. Royal Bank of Canada now owns 6,191 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 414 shares during the period. 37.94% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on AMNB shares. Keefe, Bruyette & Woods upgraded shares of American National Bankshares from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $35.00 to $37.00 in a report on Sunday, July 25th. Zacks Investment Research upgraded shares of American National Bankshares from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Monday, July 26th.

NASDAQ AMNB opened at $31.58 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $32.24 and its two-hundred day moving average price is $33.08. American National Bankshares has a 1 year low of $19.41 and a 1 year high of $36.50. The firm has a market capitalization of $343.46 million, a P/E ratio of 9.07 and a beta of 1.14.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, September 3rd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, September 2nd. American National Bankshares’s dividend payout ratio (DPR) is currently 39.56%.

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.

Featured Story: Why is the ex-dividend date different from the record date?

Receive News & Ratings for American National Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American National Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.