Arrowstreet Capital Limited Partnership Has $1.09 Million Position in Ames National Co. (NASDAQ:ATLO)

Arrowstreet Capital Limited Partnership increased its position in shares of Ames National Co. (NASDAQ:ATLO - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,251 shares of the financial services provider's stock after acquiring an additional 18,556 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.74% of Ames National worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ATLO. Wealthfront Advisers LLC acquired a new stake in shares of Ames National during the 4th quarter valued at about $1,875,000. JPMorgan Chase & Co. increased its stake in shares of Ames National by 120.5% during the 4th quarter. JPMorgan Chase & Co. now owns 31,596 shares of the financial services provider's stock worth $519,000 after purchasing an additional 17,269 shares during the last quarter. Barclays PLC raised its holdings in shares of 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ames National by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider's stock valued at $3,731,000 after purchasing an additional 4,843 shares during the last quarter. Finally, State Street Corp boosted its holdings 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 purchasing an additional 1,069 shares in the last quarter. Institutional investors and hedge funds own 26.47% of the company's stock.

Ames National Stock Up 1.4 %

Shares of NASDAQ:ATLO traded up $0.24 on Thursday, reaching $16.95. The company had a trading volume of 3,735 shares, compared to its average volume of 16,454. The stock has a market capitalization of $151.08 million, a P/E ratio of 14.86 and a beta of 0.46. The stock has a 50-day moving average price of $17.84 and a 200 day moving average price of $17.50. Ames National Co. has a twelve month low of $15.69 and a twelve month high of $22.03.

Ames National (NASDAQ:ATLO - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 EPS 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 declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, May 30th. Ames National's dividend payout ratio is currently 70.18%.

About Ames National

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.