Ames National Corp Sells 30,500 Shares of Ames National Corporation $ATLO

Ames National Corp decreased its stake in shares of Ames National Corporation (NASDAQ:ATLO) by 34.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 58,557 shares of the financial services provider’s stock after selling 30,500 shares during the period. Ames National accounts for about 0.8% of Ames National Corp’s portfolio, making the stock its 26th largest holding. Ames National Corp owned 0.66% of Ames National worth $1,344,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ATLO. Geode Capital Management LLC boosted its holdings in shares of Ames National by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 215,104 shares of the financial services provider’s stock worth $3,831,000 after buying an additional 5,201 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of 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 worth $25,000 after buying an additional 556 shares during the period. First Trust Advisors LP bought a new stake in shares of Ames National during the 2nd quarter worth about $187,000. NewEdge Advisors LLC bought a new stake in shares of Ames National during the 2nd quarter worth about $367,000. Finally, Jane Street Group LLC bought a new stake in shares of Ames National during the 2nd quarter worth about $255,000. Institutional investors own 26.47% of the company’s stock.

Analysts Set New Price Targets

ATLO has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ames National in a report on Tuesday. Brean Capital upgraded shares of Ames National to a “hold” rating in a research note on Wednesday, April 15th. Zacks Research upgraded shares of Ames National to a “hold” rating in a research note on Thursday, April 16th. Finally, National Bank Financial set a $31.00 price objective on shares of Ames National in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

Ames National Stock Up 0.9%

Shares of Ames National stock opened at $30.39 on Friday. Ames National Corporation has a twelve month low of $16.94 and a twelve month high of $30.92. The company has a 50-day simple moving average of $28.67 and a two-hundred day simple moving average of $26.37. The stock has a market capitalization of $269.26 million, a price-to-earnings ratio of 12.56 and a beta of 0.30.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings data on Friday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter. Ames National had a net margin of 21.63% and a return on equity of 10.65%. The business had revenue of $18.22 million during the quarter. On average, sell-side analysts anticipate that Ames National Corporation will post 2.7 earnings per share for the current fiscal year.

Ames National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.24 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. Ames National’s payout ratio is presently 39.67%.

Ames National Company Profile

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.