International Assets Investment Management LLC Makes New $9.51 Million Investment in American National Bankshares Inc. (NASDAQ:AMNB)

International Assets Investment Management LLC acquired a new stake in American National Bankshares Inc. (NASDAQ:AMNB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,500 shares of the financial services provider’s stock, valued at approximately $9,510,000. International Assets Investment Management LLC owned about 0.18% of American National Bankshares at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMNB. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of American National Bankshares in the fourth quarter worth $246,000. Atlantic Union Bankshares Corp acquired a new stake in shares of American National Bankshares during the fourth quarter worth approximately $318,000. SG Americas Securities LLC increased its stake in shares of American National Bankshares by 26.3% in the fourth quarter. SG Americas Securities LLC now owns 5,607 shares of the financial services provider’s stock worth $273,000 after buying an additional 1,169 shares during the last quarter. Vanguard Group Inc. raised its holdings in American National Bankshares by 0.3% in 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 in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in American National Bankshares during the 3rd quarter valued at $3,021,000. Institutional investors and hedge funds own 47.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of American National Bankshares in a research report on Saturday. They issued a “sell” rating for the company.

American National Bankshares Stock Performance

NASDAQ:AMNB opened at $47.76 on Tuesday. The company has a market cap of $507.69 million, a PE ratio of 19.49 and a beta of 0.91. The business’s 50 day moving average is $46.93 and its two-hundred day moving average is $45.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.08. American National Bankshares Inc. has a 52 week low of $25.26 and a 52 week high of $50.76.

American National Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were issued a $0.30 dividend. 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 dividend payout ratio is presently 48.98%.

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.