Ames National (NASDAQ:ATLO – Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $0.67 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $19.08 million for the quarter. Ames National had a return on equity of 10.65% and a net margin of 21.63%.
Ames National Stock Down 2.7%
Shares of ATLO stock opened at $29.62 on Friday. Ames National has a fifty-two week low of $17.90 and a fifty-two week high of $32.16. The firm’s 50 day moving average price is $29.26 and its two-hundred day moving average price is $27.60. The stock has a market cap of $262.43 million, a price-to-earnings ratio of 12.24 and a beta of 0.30.
Ames National Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.24 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.96 annualized dividend and a yield of 3.2%. Ames National’s dividend payout ratio (DPR) is presently 39.67%.
Institutional Trading of Ames National
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on ATLO shares. Brean Capital raised shares of Ames National to a “hold” rating in a research note on Wednesday, April 15th. Zacks Research raised shares of Ames National to a “hold” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ames National in a research note on Tuesday, June 9th. Finally, National Bank Financial set a $31.00 price objective on shares of Ames National in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.00.
Get Our Latest Research Report on Ames National
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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