Ames National (NASDAQ:ATLO) Releases Earnings Results

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

Ames National Stock Down 0.8%

ATLO stock opened at $24.27 on Friday. The company has a market cap of $215.81 million, a price-to-earnings ratio of 11.34 and a beta of 0.40. Ames National has a twelve month low of $16.09 and a twelve month high of $24.96. The business has a 50 day moving average price of $22.79 and a two-hundred day moving average price of $20.83.

Ames National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors 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 annualized dividend and a yield of 3.3%. Ames National’s dividend payout ratio is 37.38%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ames National in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Ames National has a consensus rating of “Buy”.

Hedge Funds Weigh In On Ames National

Several hedge funds and other institutional investors have recently made changes to their positions in ATLO. NewEdge Advisors LLC bought a new stake in Ames National during the second quarter worth $367,000. Jane Street Group LLC bought a new stake in shares of Ames National in the 2nd quarter valued at about $255,000. First Trust Advisors LP acquired a new stake in Ames National in the 2nd quarter valued at about $187,000. Geode Capital Management LLC grew its holdings in Ames National by 2.5% during the second quarter. Geode Capital Management LLC now owns 215,104 shares of the financial services provider’s stock worth $3,831,000 after purchasing an additional 5,201 shares during the period. Finally, Vanguard Group Inc. increased its position in Ames National by 1.0% during the third quarter. Vanguard Group Inc. now owns 508,760 shares of the financial services provider’s stock worth $10,287,000 after buying an additional 5,063 shares during the last quarter. 26.47% of the stock is 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.