Ames National (NASDAQ:ATLO) Posts Earnings Results

Ames National (NASDAQ:ATLOGet 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

A number of institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in Ames National by 67.6% during the 2nd 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 in the last quarter. Royal Bank of Canada raised its stake in shares of Ames National by 210.2% during the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,049 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Ames National by 148.3% during the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,299 shares during the period. Deutsche Bank AG lifted its position in shares of Ames National by 42.3% during the fourth quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 1,886 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Ames National in the second quarter valued at $187,000. 26.47% of the stock is owned by hedge funds and other institutional investors.

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

(Get Free Report)

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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Earnings History for Ames National (NASDAQ:ATLO)

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