Ames National Co. (NASDAQ:ATLO) Sees Large Increase in Short Interest

Ames National Co. (NASDAQ:ATLO - Get Free Report) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 98,500 shares, a growth of 32.6% from the January 15th total of 74,300 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is currently 4.5 days.

Ames National Price Performance

NASDAQ ATLO traded up $0.17 during trading hours on Tuesday, hitting $18.56. The company's stock had a trading volume of 995 shares, compared to its average volume of 18,087. The company's 50 day simple moving average is $17.22 and its two-hundred day simple moving average is $17.68. The company has a market cap of $166.81 million, a P/E ratio of 16.28 and a beta of 0.57. Ames National has a 12 month low of $15.69 and a 12 month high of $22.03.

Ames National (NASDAQ:ATLO - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Institutional Investors Weigh In On Ames National

A number of large investors have recently made changes to their positions in ATLO. State Street Corp lifted its position in shares of Ames National by 0.9% during the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider's stock valued at $2,252,000 after buying an additional 1,069 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Ames National by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock worth $85,000 after purchasing an additional 1,124 shares in the last quarter. Barclays PLC lifted its holdings in Ames National by 15.7% in the 4th quarter. Barclays PLC now owns 13,215 shares of the financial services provider's stock worth $217,000 after purchasing an additional 1,797 shares in the last quarter. Northern Trust Corp lifted its holdings in Ames National by 3.1% in the 4th quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider's stock worth $1,248,000 after purchasing an additional 2,273 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Ames National by 30.7% in the 4th quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after purchasing an additional 2,679 shares in the last quarter. 26.47% of the stock is currently owned by institutional investors.

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.