Ames National (NASDAQ:ATLO) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Ames National (NASDAQ:ATLO) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Separately, TheStreet downgraded Ames National from a b- rating to a c+ rating in a research note on Wednesday, March 13th.

Ames National Trading Up 4.9 %

NASDAQ ATLO opened at $20.49 on Thursday. The business has a fifty day simple moving average of $20.20 and a 200 day simple moving average of $19.98. Ames National has a 12 month low of $15.01 and a 12 month high of $22.50. The firm has a market capitalization of $184.21 million, a P/E ratio of 18.46 and a beta of 0.57.

Ames National (NASDAQ:ATLO) last announced its earnings results on Friday, April 19th. The financial services provider reported $0.26 EPS for the quarter. Ames National had a net margin of 11.49% and a return on equity of 6.27%. The company had revenue of $9.21 million during the quarter.

Ames National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Wednesday, July 31st. Ames National’s dividend payout ratio (DPR) is currently 97.30%.

Institutional Trading of Ames National

A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Ames National by 2,044.0% during the 4th quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,533 shares during the period. BNP Paribas Financial Markets grew its holdings in Ames National by 75.7% during the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,832 shares during the period. SG Americas Securities LLC purchased a new stake in Ames National in the fourth quarter worth $100,000. Finally, Vanguard Group Inc. raised its stake in shares of Ames National by 0.6% in the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after buying an additional 2,965 shares during the period. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Company Profile

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.