Ames National (NASDAQ:ATLO) Posts Earnings Results

Ames National (NASDAQ:ATLO) posted its quarterly earnings data on Friday. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, Zacks reports. Ames National had a return on equity of 8.53% and a net margin of 16.68%.

Ames National Trading Down 0.8%

ATLO traded down $0.20 during trading on Friday, hitting $24.27. 23,489 shares of the company traded hands, compared to its average volume of 24,726. The company has a market cap of $215.76 million, a PE ratio of 13.48 and a beta of 0.40. The stock’s 50-day simple moving average is $22.73 and its two-hundred day simple moving average is $20.77. Ames National has a 1 year low of $16.09 and a 1 year high of $24.96.

Ames National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.3%. Ames National’s payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ames National in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Institutional Trading of Ames National

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its holdings in Ames National by 3.6% in the second quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 536 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Ames National by 67.6% during the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 556 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Ames National by 148.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,299 shares in the last quarter. First Trust Advisors LP raised its stake in Ames National by 20.9% in the 3rd quarter. First Trust Advisors LP now owns 12,708 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 2,197 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Ames National by 39.9% in the third quarter. JPMorgan Chase & Co. now owns 11,420 shares of the financial services provider’s stock valued at $231,000 after buying an additional 3,257 shares during the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Company Profile

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.