Ames National Co. (NASDAQ:ATLO) Short Interest Down 29.8% in February

Ames National Co. (NASDAQ:ATLO - Get Free Report) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 69,100 shares, a decline of 29.8% from the January 31st total of 98,500 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 20,900 shares, the short-interest ratio is currently 3.3 days.

Ames National Stock Down 0.4 %

Shares of Ames National stock traded down $0.08 on Monday, hitting $18.69. The stock had a trading volume of 3,865 shares, compared to its average volume of 16,852. The stock has a market cap of $168.06 million, a price-to-earnings ratio of 16.39 and a beta of 0.57. The business's 50 day moving average is $17.56 and its two-hundred day moving average is $17.69. Ames National has a twelve month low of $15.69 and a twelve month high of $22.03.

Ames National (NASDAQ:ATLO - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Ames National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, May 30th. Ames National's dividend payout ratio is currently 70.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATLO. State Street Corp boosted its stake in shares of Ames National by 0.9% in the third quarter. State Street Corp now owns 123,550 shares of the financial services provider's stock valued at $2,252,000 after buying an additional 1,069 shares during the period. Wells Fargo & Company MN raised its holdings in Ames National by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 1,124 shares in the last quarter. Barclays PLC lifted its position in shares of Ames National by 15.7% during the 4th quarter. Barclays PLC now owns 13,215 shares of the financial services provider's stock valued at $217,000 after acquiring an additional 1,797 shares during the period. Northern Trust Corp grew its holdings in shares of Ames National by 3.1% during the 4th quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider's stock worth $1,248,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Ames National by 30.7% during the 4th quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors and hedge funds own 26.47% of the company's stock.

Ames National Company Profile

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.

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