The stock of American National BankShares Inc (NASDAQ:AMNB) hit a new 52-week high and has $37.49 target or 32.00% above today’s $28.40 share price. The 7 months bullish chart indicates low risk for the $247.36 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $37.49 price target is reached, the company will be worth $79.16 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.71% or $0.75 during the last trading session, hitting $28.4. About 19,255 shares traded hands or 114.49% up from the average. American National BankShares Inc (NASDAQ:AMNB) has risen 10.82% since April 7, 2016 and is uptrending. It has outperformed by 6.04% the S&P500.
American National BankShares Inc (NASDAQ:AMNB) Ratings Coverage
Out of 3 analysts covering American National Bankshares (NASDAQ:AMNB), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. American National Bankshares has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Stephens with “Equalweight” on Friday, January 8. The rating was upgraded by Raymond James to “Outperform” on Friday, July 24. The rating was downgraded by Zacks on Tuesday, September 1 to “Buy”.
According to Zacks Investment Research, “American National Bankshares Inc. is a one-bank holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.19, from 1.32 in 2016Q1. The ratio dived, as 3 funds sold all American National BankShares Inc shares owned while 20 reduced positions. 7 funds bought stakes while 19 increased positions. They now own 2.63 million shares or 3.00% more from 2.55 million shares in 2016Q1.
Strs Ohio reported 23,000 shares or 0% of all its holdings. Perkins Inv Management Ltd Llc owns 8,610 shares or 0% of their US portfolio. Wilbanks Smith And Thomas Asset Limited Com holds 0.04% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 14,801 shares. Moreover, Schwab Charles Mgmt has 0% invested in American National BankShares Inc (NASDAQ:AMNB) for 10,700 shares. Citigroup accumulated 0% or 1,251 shares. Federated Invsts Pa has invested 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB). Blackrock reported 3,744 shares or 0% of all its holdings. Blackrock Fund Advsrs last reported 220,375 shares in the company. California State Teachers Retirement Sys has 17,217 shares for 0% of their US portfolio. Bank Of New York Mellon reported 45,479 shares or 0% of all its holdings. Northern Corporation last reported 94,512 shares in the company. Teachers Advsr holds 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 12,855 shares. Rhumbline Advisers accumulated 10,463 shares or 0% of the stock. Deutsche Bank Ag last reported 0% of its portfolio in the stock. Fcg Limited Liability Corp reported 10,991 shares or 0.09% of all its holdings.
Insider Transactions: Since June 17, 2016, the stock had 5 insider purchases, and 0 sales for $211,760 net activity. Hamadi Ramsey K bought $40,870 worth of stock or 1,488 shares. 49 shares were bought by Harris Charles S, worth $1,344.
Another recent and important American National BankShares Inc (NASDAQ:AMNB) news was published by Nasdaq.com which published an article titled: “American National Bankshares, Inc. (AMNB) Ex-Dividend Date Scheduled for …” on August 30, 2016.
AMNB Company Profile
American National Bankshares Inc., incorporated on March 3, 1998, is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Firm operates through two divisions: community banking, and trust and investment services. Community banking involves making loans to and generating deposits from individuals and businesses. All assets and liabilities of the Company are allocated to community banking. Investment income from securities is also allocated to the community banking segment. Loan fee income, service charges from deposit accounts and non-deposit fees, such as automated teller machine fees and insurance commissions generate additional income for community banking. Trust and investment services include estate planning, trust account administration, investment management and retail brokerage. Investment management services include purchasing equity, fixed income, and mutual fund investments for customer accounts. The trust and investment services division receives fees for investment and administrative services.
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