From MarketBeat:

In the third quarter, Smith Salley & Associates sold 39.6% of its shares in American National Bankshares Inc. The institutional investor owned 124,702 shares, worth $4,730,000. A number of other large investors also increased their stakes in the financial services provider.

Wall Street analysts at StockNews.com have given American National Bankshares a “sell” rating. The stock recently traded down 0.9% to $48.04 per share, with a market capitalization of $510.67 million and a PE ratio of 17.12.

American National Bankshares Inc. reported quarterly earnings of $0.54 per share, surpassing the consensus estimate of $0.51. The company also announced a quarterly dividend payout of $0.30 per share, with a yield of 2.50%.

American National Bankshares provides financial products and services through American National Bank and Trust Company. It operates through two segments, Community Banking and Wealth Management. The company accepts deposit products, including checking, money market, savings, and consumer and commercial time deposits.



Read more: Smith Salley & Associates Sells 81,906 Shares of American National Bankshares Inc. (NASDAQ:AMNB)