Ames National (NASDAQ:ATLO) Upgraded by Brean Capital to “Hold” Rating

Brean Capital upgraded shares of Ames National (NASDAQ:ATLO) to a hold rating in a research report released on Wednesday,Zacks.com reports.

A number of other analysts have also commented on ATLO. Weiss Ratings reissued a “buy (b-)” rating on shares of Ames National in a report on Monday, December 29th. National Bank Financial set a $31.00 target price on Ames National in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.00.

Ames National Stock Down 0.7%

ATLO stock opened at $28.59 on Wednesday. Ames National has a twelve month low of $16.52 and a twelve month high of $29.71. The firm has a market cap of $253.31 million, a PE ratio of 13.36 and a beta of 0.33. The business has a 50 day moving average of $27.65 and a 200 day moving average of $24.13.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings data on Friday, January 23rd. The financial services provider reported $0.73 earnings per share for the quarter. The company had revenue of $15.34 million during the quarter. Ames National had a return on equity of 9.70% and a net margin of 19.36%.

Ames National Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Ames National’s previous quarterly dividend of $0.20. Ames National’s dividend payout ratio is 44.86%.

Institutional Trading of Ames National

Several large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC grew its holdings in shares of Ames National by 3.6% in the second quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 536 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Ames National by 67.6% in the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 556 shares during the period. Empowered Funds LLC grew its holdings in shares of Ames National by 6.4% in the fourth quarter. Empowered Funds LLC now owns 10,639 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 642 shares during the period. Royal Bank of Canada grew its holdings in shares of Ames National by 210.2% in the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 1,049 shares during the period. Finally, CWM LLC grew its holdings in shares of Ames National by 150.5% in the third quarter. CWM LLC now owns 1,836 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,103 shares during the period. Institutional investors own 26.47% of the company’s stock.

Ames National Company Profile

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.