Ames National Corporation (NASDAQ:ATLO – Get Free Report)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $28.15 and traded as high as $29.22. Ames National shares last traded at $28.80, with a volume of 42,272 shares.
Analysts Set New Price Targets
ATLO has been the topic of several analyst reports. National Bank Financial set a $31.00 target price on Ames National in a research report on Wednesday, April 15th. Zacks Research raised Ames National to a “hold” rating in a research report on Thursday, April 16th. Finally, Brean Capital raised Ames National to a “hold” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.00.
Check Out Our Latest Analysis on ATLO
Ames National Trading Up 0.0%
Ames National (NASDAQ:ATLO – Get Free Report) last released its earnings results on Friday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter. The firm had revenue of $18.22 million for the quarter. Ames National had a return on equity of 10.65% and a net margin of 21.63%. As a group, equities analysts forecast that Ames National Corporation will post 2.7 earnings per share for the current fiscal year.
Ames National Dividend Announcement
The business 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 dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.3%. Ames National’s payout ratio is currently 39.67%.
Hedge Funds Weigh In On Ames National
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Ames National by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 508,760 shares of the financial services provider’s stock valued at $10,287,000 after acquiring an additional 5,063 shares during the period. Fourthstone LLC boosted its holdings in Ames National by 94.9% during the 4th quarter. Fourthstone LLC now owns 438,696 shares of the financial services provider’s stock valued at $10,072,000 after acquiring an additional 213,597 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ames National by 2.7% during 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 acquiring an additional 7,120 shares during the period. Geode Capital Management LLC boosted its holdings in 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 valued at $3,831,000 after acquiring an additional 5,201 shares during the period. Finally, State Street Corp boosted its holdings in Ames National by 5.3% during the 4th quarter. State Street Corp now owns 132,123 shares of the financial services provider’s stock valued at $3,034,000 after acquiring an additional 6,648 shares during the period. Hedge funds and other institutional investors own 26.47% of the company’s stock.
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.
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