American National BankShares Inc (AMNB) is Upgraded by Keefe Bruyette to Outperform

American National BankShares Inc (AMNB) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

American National BankShares Inc opened for trading at $30.35 and hit $31.2 on the upside on Friday, eventually ending the session at $31.2, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 1,509 shares. Company has a market cap of $269 M.

Investors should note that on Nov 16, 2016, American National BankShares Inc announced a cash dividend of $0.2400. The company’s management has announced Nov 30, 2016 as the ex-dividend date and fixed the record date on Dec 2, 2016. The payable date has been fixed on Dec 16, 2016.

In a different news, on Nov 21, 2016, Ramsey K Hamadi (Exec. VP) purchased 2,700 shares at $30.54 per share price. According to the SEC, on Nov 1, 2016, Charles S Harris (director) purchased 49 shares at $27.42 per share price. On Feb 8, 2016, Dan Miller Pleasant (director) purchased 1,035 shares at $24.00 per share price, according to the Form-4 filing with the securities and exchange commission.

American National Bankshares Inc. is a bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. As of December 31 2014 the operations of the Company are conducted at 24 banking offices and two loan production offices in Roanoke Virginia and Raleigh North Carolina. The Bank provides a range of financial products and services including commercial mortgage and consumer banking; trust and investment services and insurance. The Bank also offers online banking services telephone banking services and automated teller machine (ATM) services through network of around 31 ATMs. The Company’s other subsidiaries include AMNB Statutory Trust I MidCarolina Trust I and MidCarolina Trust II.

American National BankShares Inc

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