Stock Analysis

Insider Buying: The American National Bankshares Inc. (NASDAQ:AMNB) President Just Bought 3.6% More Shares

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Even if it's not a huge purchase, we think it was good to see that Jeffrey Haley, the President of American National Bankshares Inc. (NASDAQ:AMNB) recently shelled out US$94k to buy stock, at US$31.67 per share. However, it only increased their shares held by 3.6%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for American National Bankshares

The Last 12 Months Of Insider Transactions At American National Bankshares

Notably, that recent purchase by Jeffrey Haley is the biggest insider purchase of American National Bankshares shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$31.78. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the American National Bankshares insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Jeffrey Haley.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGS:AMNB Insider Trading Volume March 17th 2023

American National Bankshares is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that American National Bankshares insiders own 4.2% of the company, worth about US$14m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About American National Bankshares Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Insiders likely see value in American National Bankshares shares, given these transactions (along with notable insider ownership of the company). If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

What are the risks and opportunities for American National Bankshares?

American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services.

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  • Trading at 42.2% below our estimate of its fair value

  • Earnings are forecast to grow 5.05% per year


No risks detected for AMNB from our risks checks.

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