Ames National (ATLO) Scheduled to Post Quarterly Earnings on Thursday
Ames National (NASDAQ ATLO) opened at $28.65 on Thursday. Ames National has a one year low of $26.60 and a one year high of $33.54. The firm has a market cap of $265.36, a P/E ratio of 17.80 and a beta of 0.69.
Ames National declared that its board has authorized a stock repurchase program on Thursday, November 9th that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A hedge fund recently raised its stake in Ames National stock. The Manufacturers Life Insurance Company increased its position in shares of Ames National Co. (NASDAQ:ATLO) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,365 shares of the financial services provider’s stock after acquiring an additional 34 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Ames National were worth $103,000 as of its most recent SEC filing. 23.75% of the stock is owned by institutional investors and hedge funds.
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About Ames National
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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