Shares of Ames National Co. (NASDAQ:ATLO - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.91 and traded as low as $19.45. Ames National shares last traded at $19.67, with a volume of 5,089 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. TheStreet lowered shares of Ames National from a "b-" rating to a "c+" rating in a research note on Wednesday, March 13th. StockNews.com upgraded shares of Ames National from a "sell" rating to a "hold" rating in a research note on Thursday, June 27th.
View Our Latest Research Report on Ames National
Ames National Trading Down 1.6 %
The firm's 50 day simple moving average is $20.26 and its 200-day simple moving average is $19.89. The stock has a market capitalization of $174.05 million, a price-to-earnings ratio of 17.44 and a beta of 0.57.
Ames National (NASDAQ:ATLO - Get Free Report) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.26 earnings per share for the quarter. The company had revenue of $9.21 million for the quarter. Ames National had a net margin of 11.49% and a return on equity of 6.27%.
Ames National Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.08 annualized dividend and a dividend yield of 5.58%. Ames National's dividend payout ratio is presently 97.30%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. CWM LLC increased its stake in shares of Ames National by 2,044.0% during the 4th quarter. CWM LLC now owns 1,608 shares of the financial services provider's stock worth $34,000 after purchasing an additional 1,533 shares during the last quarter. SG Americas Securities LLC acquired a new position in Ames National in the 4th quarter valued at about $100,000. Vanguard Group Inc. grew its stake in Ames National by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider's stock valued at $9,886,000 after buying an additional 2,965 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Ames National by 75.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider's stock valued at $86,000 after buying an additional 1,832 shares during the last quarter. 26.47% of the stock is currently owned by institutional investors and hedge funds.
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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