Ames National Corporation (ATLO) To Go Ex-Dividend on February 27th

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.24 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a 20.0% increase from Ames National’s previous quarterly dividend of $0.20.

Ames National has decreased its dividend by an average of 0.0%per year over the last three years.

Ames National Trading Up 1.5%

ATLO stock traded up $0.43 during mid-day trading on Wednesday, hitting $27.94. 35,981 shares of the company were exchanged, compared to its average volume of 33,689. Ames National has a 1-year low of $16.09 and a 1-year high of $28.35. The stock has a market capitalization of $248.40 million, a PE ratio of 13.05 and a beta of 0.39. The business has a 50 day simple moving average of $24.98 and a 200-day simple moving average of $22.21.

Ames National (NASDAQ:ATLO) last released its quarterly earnings results on Friday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. Ames National had a return on equity of 9.90% and a net margin of 19.36%.The business had revenue of $15.34 million during the quarter.

Hedge Funds Weigh In On Ames National

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its holdings in Ames National by 67.6% in the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock valued at $25,000 after buying an additional 556 shares during the period. Royal Bank of Canada raised its stake in shares of Ames National by 210.2% in the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,049 shares during the last quarter. CWM LLC boosted its holdings in Ames National by 150.5% during the 3rd quarter. CWM LLC now owns 1,836 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,103 shares during the last quarter. BNP Paribas Financial Markets grew its position in Ames National by 148.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Ames National by 42.3% in the fourth quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 1,886 shares in the last quarter. 26.47% of the stock is currently owned by institutional investors.

About Ames National

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.