Ames National Co. (NASDAQ:ATLO - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.16 and traded as low as $16.56. Ames National shares last traded at $16.98, with a volume of 19,283 shares traded.
Ames National Stock Up 3.8 %
The stock has a market cap of $158.44 million, a PE ratio of 17.80 and a beta of 0.56. The business's 50-day simple moving average is $17.04 and its 200-day simple moving average is $18.14.
Ames National Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.54%. Ames National's dividend payout ratio is currently 80.81%.
Hedge Funds Weigh In On Ames National
A number of hedge funds and other institutional investors have recently made changes to their positions in ATLO. Barclays PLC increased its position in Ames National by 299.1% during the 3rd quarter. Barclays PLC now owns 11,418 shares of the financial services provider's stock valued at $208,000 after purchasing an additional 8,557 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ames National by 114.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,327 shares of the financial services provider's stock valued at $261,000 after purchasing an additional 7,650 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider's stock valued at $763,000 after buying an additional 1,737 shares during the period. State Street Corp raised its stake in Ames National by 0.9% in the third quarter. State Street Corp now owns 123,550 shares of the financial services provider's stock worth $2,252,000 after buying an additional 1,069 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Ames National by 2.4% in the third quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider's stock worth $3,731,000 after buying an additional 4,843 shares during the period. Institutional investors own 26.47% of the company's stock.
About Ames National
(
Get Free Report)
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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