Ames National (NASDAQ:ATLO) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Ames National Corporation (NASDAQ:ATLOGet Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.26 and traded as high as $28.20. Ames National shares last traded at $27.51, with a volume of 59,168 shares.

Analyst Ratings Changes

ATLO has been the subject of several analyst reports. Zacks Research raised Ames National to a “hold” rating in a research report on Thursday, April 16th. National Bank Financial set a $31.00 price objective on Ames National in a research report on Wednesday, April 15th. Finally, Brean Capital raised Ames National to a “hold” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Ames National has a consensus rating of “Hold” and a consensus price target of $31.00.

Read Our Latest Report on Ames National

Ames National Trading Down 1.3%

The company has a 50 day simple moving average of $27.91 and a 200 day simple moving average of $25.26. The stock has a market capitalization of $243.74 million, a PE ratio of 11.37 and a beta of 0.30.

Ames National (NASDAQ:ATLOGet Free Report) last issued its earnings results on Friday, April 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $18.22 million during the quarter. Ames National had a return on equity of 10.65% and a net margin of 21.63%. On average, equities research analysts predict that Ames National Corporation will post 2.7 EPS for the current year.

Institutional Trading of Ames National

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings 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 in the last quarter. Fourthstone LLC increased its stake in Ames National by 94.9% in the 4th quarter. Fourthstone LLC now owns 438,696 shares of the financial services provider’s stock valued at $10,072,000 after purchasing an additional 213,597 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Ames National by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 273,040 shares of the financial services provider’s stock valued at $7,705,000 after purchasing an additional 7,120 shares in the last quarter. Geode Capital Management LLC increased its stake in Ames National by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 215,104 shares of the financial services provider’s stock valued at $3,831,000 after purchasing an additional 5,201 shares in the last quarter. Finally, State Street Corp increased its stake in Ames National by 5.3% in the 4th quarter. State Street Corp now owns 132,123 shares of the financial services provider’s stock valued at $3,034,000 after purchasing an additional 6,648 shares in the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Ames National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ames National and related companies with MarketBeat.com's FREE daily email newsletter.