Ames National (NASDAQ:ATLO – Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.12, FiscalAI reports. The business had revenue of $20.42 million for the quarter, compared to analyst estimates of $19.30 million. Ames National had a net margin of 22.64% and a return on equity of 11.08%.
Ames National Price Performance
NASDAQ ATLO traded up $0.02 during trading hours on Friday, reaching $32.17. The company’s stock had a trading volume of 11,092 shares, compared to its average volume of 49,378. The firm has a market capitalization of $285.03 million, a price-to-earnings ratio of 12.47 and a beta of 0.31. The company’s 50-day moving average is $31.85 and its two-hundred day moving average is $30.14. Ames National has a 1-year low of $19.56 and a 1-year high of $32.86.
Ames National Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. Ames National’s dividend payout ratio is presently 37.21%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Ames National in a report on Friday, September 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.00.
About Ames National
Ames National Corporation is a bank holding company headquartered in Ames, Iowa. Through its subsidiary community banks, the company provides banking and financial services to individuals, families, farmers, and businesses across central Iowa.
Its banking activities include accepting deposits and providing commercial, agricultural, real estate, and consumer loans. The company’s subsidiaries also offer services such as checking and savings accounts, online and mobile banking, cash management, wealth management, and trust-related services.
Ames National Corporation has a long history of community banking in Iowa, with its operations conducted through locally managed banking institutions serving communities in and around Ames and other central Iowa markets.
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