Ames National (NASDAQ:ATLO – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.
Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Ames National in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.00.
Read Our Latest Research Report on ATLO
Ames National Price Performance
Shares of Ames National stock opened at $34.04 on Wednesday. The firm has a market cap of $301.59 million, a price-to-earnings ratio of 11.86 and a beta of 0.31. The stock’s 50-day moving average is $31.98 and its 200-day moving average is $30.29. Ames National has a one year low of $20.51 and a one year high of $34.04.
Ames National (NASDAQ:ATLO – Get Free Report) last posted its quarterly earnings data on Friday, October 16th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $19.30 million. Ames National had a return on equity of 12.15% and a net margin of 24.44%. On average, equities analysts expect that Ames National will post 2.81 EPS for the current year.
Institutional Investors Weigh In On Ames National
Large investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. bought a new position in shares of Ames National in the third quarter valued at $232,000. Larry Mathis Financial Planning LLC bought a new stake in Ames National during the first quarter worth $238,000. Deutsche Bank AG bought a new stake in Ames National during the second quarter worth $259,000. Bank of America Corp DE acquired a new stake in Ames National in the second quarter valued at $279,000. Finally, Empowered Funds LLC lifted its stake in Ames National by 6.7% in the first quarter. Empowered Funds LLC now owns 11,353 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 714 shares during the last quarter. Institutional investors and hedge funds own 26.47% of the company’s stock.
Ames National Company Profile
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.
See Also
- Five stocks we like better than Ames National
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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.
