Ames National (NASDAQ:ATLO) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Shares of Ames National Corporation (NASDAQ:ATLO – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $31.69 and traded as high as $32.50. Ames National shares last traded at $31.98, with a volume of 26,466 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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 Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.00.

Get Our Latest Analysis on Ames National

Ames National Trading Down 1.2%

The company’s fifty day simple moving average is $31.72 and its 200 day simple moving average is $29.91. The stock has a market capitalization of $282.55 million, a P/E ratio of 12.36 and a beta of 0.31.

Ames National (NASDAQ:ATLO – Get Free Report) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $19.08 million for the quarter. Ames National had a return on equity of 11.08% and a net margin of 22.64%. Equities research analysts predict that Ames National Corporation will post 2.72 earnings per share for the current year.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders 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 annualized dividend and a dividend yield of 3.0%. Ames National’s dividend payout ratio (DPR) is presently 37.21%.

Institutional Trading of Ames National

A number of large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Ames National in the second quarter valued at approximately $20,228,000. Bank of New York Mellon Corp purchased a new position in Ames National in the 2nd quarter worth approximately $908,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ames National in the 2nd quarter worth approximately $1,275,000. Ames National Corp bought a new position in shares of Ames National in the 2nd quarter worth $1,332,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Ames National in the 2nd quarter worth $907,000. Institutional investors own 26.47% of the company’s stock.

Ames National Company Profile

(Get Free Report)

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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