Ames National Co. (NASDAQ:ATLO - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.25 and traded as low as $17.03. Ames National shares last traded at $18.19, with a volume of 59,690 shares traded.
Ames National Stock Up 0.6 %
The firm's 50-day moving average is $17.92 and its 200 day moving average is $19.24.
Ames National (NASDAQ:ATLO - Get Free Report) last announced its earnings results on Friday, August 9th. The financial services provider reported $0.24 earnings per share for the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%. The firm had revenue of $13.49 million during the quarter.
Ames National Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Friday, November 1st. Ames National's dividend payout ratio (DPR) is presently 74.77%.
Institutional Trading of Ames National
A number of institutional investors and hedge funds have recently bought and sold shares of ATLO. Choreo LLC acquired a new stake in Ames National during the 2nd quarter worth approximately $807,000. Vanguard Group Inc. increased its position in Ames National by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider's stock worth $9,886,000 after purchasing an additional 2,965 shares in the last quarter. BNP Paribas Financial Markets increased its position in Ames National by 75.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider's stock worth $86,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Ames National by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider's stock worth $763,000 after purchasing an additional 1,737 shares in the last quarter. Institutional investors and hedge funds 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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