Ames National (NASDAQ:ATLO) Issues Quarterly Earnings Results

Ames National (NASDAQ:ATLO) posted its earnings results on Thursday. The financial services provider reported $0.39 EPS for the quarter, Zacks reports. Ames National had a net margin of 11.05% and a return on equity of 5.94%.

Ames National Stock Performance

Shares of NASDAQ ATLO traded up $0.09 during midday trading on Thursday, hitting $16.80. 11,315 shares of the company’s stock traded hands, compared to its average volume of 16,483. The stock has a market capitalization of $149.79 million, a price-to-earnings ratio of 14.74 and a beta of 0.46. The firm has a fifty day moving average of $17.84 and a 200 day moving average of $17.50. Ames National has a 1 year low of $15.69 and a 1 year high of $22.03.

Ames National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, May 30th. Ames National’s dividend payout ratio is 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.