Revenue Update on American National BankShares Inc(NASDAQ:AMNB)

American National BankShares Inc(NASDAQ:AMNB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $15.53M. Analysts estimated a revenue of $15.87M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.45.

American National BankShares Inc (AMNB) remained unchanged at the close of Wednesday session. Even as the volume increased to 14,112 ,the shares failed to make any impression and ended at 0 points or 0.00% at $26.75. The trading session commenced at $26.8 and the stock hit a high of $26.89 and touched $26.53 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $27.6896 and the 52-week low is $21.88. The company has a market cap of $230 M and has approximately 86,12,658 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2016, Dan Miller Pleasant (director) purchased 1,035 shares at $24.00 per share price.Also, On May 27, 2015, Franklin W Maddux (director) purchased 2,500 shares at $22.35 per share price.

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.

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