Profit Fan

American National Bankshares: A 4% Yielder With Capacity For Growth

While there is a lot of work to be done before the merger of any two companies is complete, even more needs to be done afterwards to combine the two entities into one profitable unit and that is exactly the position I believe American National Bankshares (NASDAQ:AMNB) is in right now. Since AMNB completed its merger with MidCarolina Financial Corp, approximately two years ago (adding 8 branches), the company's work on its nonaccrual loans and the structure of its balance sheet now puts it into a position where it can focus more on growing rather than repairing/merging its business (and that's not to say it hasn't already been growing).

AMNB Book Value Per Share data by YCharts


Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details