Ames National Co. (NASDAQ:ATLO - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.33 and traded as low as $16.90. Ames National shares last traded at $17.10, with a volume of 18,065 shares changing hands.
Ames National Stock Up 0.6 %
The company's 50-day simple moving average is $18.05 and its 200 day simple moving average is $19.33. The company has a market capitalization of $154.63 million, a P/E ratio of 15.98 and a beta of 0.55.
Ames National (NASDAQ:ATLO - Get Free Report) last posted its earnings results on Friday, August 9th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $13.49 million for the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%.
Ames National Cuts Dividend
The business 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. The ex-dividend date is Friday, November 1st. This represents a $0.80 annualized dividend and a dividend yield of 4.65%. Ames National's dividend payout ratio (DPR) is presently 74.77%.
Institutional Trading of Ames National
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Ames National by 75.7% in the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 1,832 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Ames National by 4.9% in 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 purchasing an additional 1,737 shares during the last quarter. Choreo LLC bought a new stake in Ames National during the 2nd quarter worth about $807,000. Finally, Vanguard Group Inc. grew its stake in Ames National by 0.6% in the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider's stock valued at $9,886,000 after purchasing an additional 2,965 shares in 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.
Featured Articles
Before you consider Ames National, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ames National wasn't on the list.
While Ames National currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
