Ames National Corp Has $1.34 Million Position in Ames National Corporation $ATLO

by · The Cerbat Gem

Ames National Corp cut its position in Ames National Corporation (NASDAQ:ATLO – Free Report) by 34.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,557 shares of the financial services provider’s stock after selling 30,500 shares during the quarter. Ames National comprises 0.8% of Ames National Corp’s portfolio, making the stock its 26th biggest holding. Ames National Corp’s holdings in Ames National were worth $1,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in shares of Ames National in the 4th quarter valued at approximately $907,000. Fourthstone LLC raised its position in shares of Ames National by 94.9% in the 4th quarter. Fourthstone LLC now owns 438,696 shares of the financial services provider’s stock valued at $10,072,000 after buying an additional 213,597 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Ames National in the 4th quarter valued at approximately $507,000. First Trust Advisors LP raised its position in shares of Ames National by 43.5% in the 4th quarter. First Trust Advisors LP now owns 18,238 shares of the financial services provider’s stock valued at $419,000 after buying an additional 5,530 shares in the last quarter. Finally, State Street Corp raised its position in shares of Ames National by 5.3% in the 4th quarter. State Street Corp now owns 132,123 shares of the financial services provider’s stock valued at $3,034,000 after buying an additional 6,648 shares in the last quarter. 26.47% of the stock is currently owned by institutional investors and hedge funds.

Ames National Price Performance

ATLO stock opened at $30.39 on Friday. The company has a 50 day simple moving average of $28.67 and a 200 day simple moving average of $26.37. The stock has a market cap of $269.26 million, a price-to-earnings ratio of 12.56 and a beta of 0.30. Ames National Corporation has a 1 year low of $16.94 and a 1 year high of $30.92.

Ames National (NASDAQ:ATLO – Get Free Report) last released its quarterly earnings data on Friday, April 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $18.22 million during the quarter. Ames National had a net margin of 21.63% and a return on equity of 10.65%. On average, equities research analysts anticipate that Ames National Corporation will post 2.7 EPS for the current fiscal year.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Ames National’s payout ratio is presently 39.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ATLO shares. Weiss Ratings restated a “buy (b)” rating on shares of Ames National in a research report on Tuesday. Brean Capital upgraded shares of Ames National to a “hold” rating in a research report on Wednesday, April 15th. Zacks Research upgraded shares of Ames National to a “hold” rating in a research report on Thursday, April 16th. Finally, National Bank Financial set a $31.00 price objective on shares of Ames National in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.00.

Check Out Our Latest Stock Report on Ames National

Ames National Company Profile

(Free Report)

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.

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