The stock of American National BankShares Inc (NASDAQ:AMNB) reached all time high today, Nov, 14 and still has $40.37 target or 33.00% above today’s $30.35 share price. This indicates more upside for the $276.51M company. This technical setup was reported by Barchart.com. If the $40.37 PT is reached, the company will be worth $91.25 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock closed at $30.35 during the last session. It is up 18.19% since April 12, 2016 and is uptrending. It has outperformed by 13.20% 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. Raymond James upgraded the shares of AMNB in a report on Friday, July 24 to “Outperform” rating. On Friday, January 8 the stock rating was initiated by Stephens with “Equalweight”. Zacks downgraded American National BankShares Inc (NASDAQ:AMNB) on Tuesday, September 1 to “Buy” rating.
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 2016 Q2. Its down 0.19, from 1.32 in 2016Q1. The ratio is negative, 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.
Barclays Public Lc accumulated 29 shares or 0% of the stock. Corbyn Md holds 0.43% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 52,586 shares. Retail Bank Of New York Mellon Corp owns 45,479 shares or 0% of their US portfolio. Smith Salley & Assocs holds 1.1% or 188,108 shares in its portfolio. Eagle Global Advisors Lc accumulated 0.01% or 13,324 shares. Geode Cap Lc accumulated 44,779 shares or 0% of the stock. California State Teachers Retirement System has invested 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB). Rhumbline Advisers holds 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 10,463 shares. Trust Of Virginia Va, a Virginia-based fund reported 16,560 shares. Moreover, Us Bank De has 0% invested in American National BankShares Inc (NASDAQ:AMNB) for 1,500 shares. State Street has invested 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB). Citigroup holds 0% of its portfolio in American National BankShares Inc (NASDAQ:AMNB) for 1,251 shares. Woodmont Investment Counsel Ltd Liability has invested 0.08% of its portfolio in American National BankShares Inc (NASDAQ:AMNB). Parametric Portfolio Ltd has 0% invested in the company for 8,181 shares. Blackrock Institutional Tru Na accumulated 0% or 275,418 shares.
Insider Transactions: Since June 17, 2016, the stock had 5 insider buys, and 0 selling transactions for $211,760 net activity. Shares for $1,344 were bought by Harris Charles S. On Monday, October 24 Hamadi Ramsey K bought $54,320 worth of the stock or 2,000 shares.
More news for American National BankShares Inc (NASDAQ:AMNB) were recently published by: Zacks.com, which released: “American National (AMNB) in Focus: Stock Rises by 5.8%” on November 14, 2016. Equitiesfocus.com‘s article titled: “American National Bankshares, Inc. (NASDAQ:AMNB) Dividend At $0.24 Per Share” and published on November 13, 2016 is yet another important article.
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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