Ames National Corporation (NASDAQ:ATLO) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

Ames National Corporation (NASDAQ ATLO) traded up 0.70% on Friday, hitting $28.80. The stock had a trading volume of 4,535 shares. The firm has a market cap of $268.13 million, a price-to-earnings ratio of 18.00 and a beta of 0.66. The company’s 50 day moving average price is $30.34 and its 200 day moving average price is $31.03. Ames National Corporation has a 52-week low of $26.57 and a 52-week high of $37.45.

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An institutional investor recently raised its position in Ames National Corporation stock. Bank of New York Mellon Corp boosted its position in Ames National Corporation (NASDAQ:ATLO) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,211 shares of the financial services provider’s stock after buying an additional 529 shares during the period. Bank of New York Mellon Corp owned approximately 0.38% of Ames National Corporation worth $1,078,000 at the end of the most recent quarter. Institutional investors own 23.69% of the company’s stock.

About Ames National Corporation

Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.

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