Ames National Corporation (NASDAQ:ATLO – Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $29.10 and traded as low as $28.65. Ames National shares last traded at $29.07, with a volume of 42,933 shares.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on ATLO shares. Zacks Research raised shares of Ames National to a “hold” rating in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ames National in a research report on Tuesday, June 9th. Brean Capital upgraded shares of Ames National to a “hold” rating in a research note on Wednesday, April 15th. Finally, National Bank Financial set a $31.00 target price on shares of Ames National in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ames National currently has a consensus rating of “Hold” and a consensus target price of $31.00.
View Our Latest Analysis on ATLO
Ames National Trading Up 0.7%
Ames National (NASDAQ:ATLO – Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter. The company had revenue of $18.22 million for the quarter. Ames National had a net margin of 21.63% and a return on equity of 10.65%. Sell-side analysts expect 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 was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 1st. Ames National’s dividend payout ratio is currently 39.67%.
Institutional Investors Weigh In On Ames National
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Ames National by 1.0% during the third 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 in the last quarter. Fourthstone LLC lifted its stake in Ames National by 94.9% in the 4th quarter. Fourthstone LLC now owns 438,696 shares of the financial services provider’s stock worth $10,072,000 after purchasing an additional 213,597 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ames National by 2.7% in 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 purchasing an additional 7,120 shares during the period. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 5,201 shares in the last quarter. Finally, State Street Corp grew its position in shares of 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 purchasing an additional 6,648 shares in the last quarter. 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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