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

Ames National Corporation (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, February 27th will be given a dividend of 0.24 per share by the financial services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend 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%annually over the last three years.

Ames National Stock Performance

ATLO traded up $0.41 during trading on Wednesday, reaching $27.92. 39,492 shares of the company traded hands, compared to its average volume of 33,941. Ames National has a 12-month low of $16.09 and a 12-month high of $28.35. The firm has a fifty day simple moving average of $24.98 and a 200 day simple moving average of $22.21. The company has a market cap of $248.26 million, a P/E ratio of 13.05 and a beta of 0.39.

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

Institutional Trading of Ames National

Institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC raised its stake in Ames National by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 536 shares during the period. Russell Investments Group Ltd. lifted its stake in Ames National by 67.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 556 shares during the period. Empowered Funds LLC raised its holdings in shares of Ames National by 6.4% during the fourth quarter. Empowered Funds LLC now owns 10,639 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 642 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Ames National by 7.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,083 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 1,017 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Ames National by 210.2% during the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock worth $36,000 after buying an additional 1,049 shares in the last quarter. 26.47% of the stock is currently owned by hedge funds and other 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.