Ames National Corporation (ATLO) Stock Rating Lowered by BidaskClub
Ames National Corporation (NASDAQ:ATLO) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
Ames National Corporation (NASDAQ:ATLO) traded up 0.70% on Friday, hitting $28.80. 4,535 shares of the company traded hands. The firm’s 50 day moving average price is $30.34 and its 200 day moving average price is $31.03. Ames National Corporation has a 1-year low of $26.57 and a 1-year high of $37.45. The firm has a market capitalization of $268.13 million, a PE ratio of 18.00 and a beta of 0.66.
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A hedge fund recently raised its stake in Ames National Corporation stock. Morgan Dempsey Capital Management LLC raised its position in Ames National Corporation (NASDAQ:ATLO) by 50.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 41,095 shares of the financial services provider’s stock after buying an additional 13,739 shares during the period. Morgan Dempsey Capital Management LLC owned about 0.44% of Ames National Corporation worth $1,258,000 as of its most recent filing with the SEC. 23.69% of the stock is owned by hedge funds and other institutional investors.
About Ames National Corporation
Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.
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