Ames National Co. (NASDAQ:ATLO) Short Interest Update

Ames National Co. (NASDAQ:ATLO - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 98,600 shares, a growth of 37.7% from the May 15th total of 71,600 shares. Based on an average daily trading volume, of 12,700 shares, the short-interest ratio is currently 7.8 days. Approximately 1.1% of the company's stock are short sold.

Ames National Stock Performance

NASDAQ:ATLO opened at $17.50 on Tuesday. The stock's 50 day moving average price is $17.40 and its 200 day moving average price is $17.48. Ames National has a 52 week low of $15.69 and a 52 week high of $22.03. The company has a market capitalization of $156.03 million, a P/E ratio of 15.35 and a beta of 0.48.

Ames National (NASDAQ:ATLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.39 EPS for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%. The company had revenue of $15.46 million for the quarter.

Hedge Funds Weigh In On Ames National

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Ames National by 1,587.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 1,635 shares during the last quarter. Clarity Asset Management Inc. boosted its position in shares of Ames National by 162.7% in the fourth quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider's stock valued at $80,000 after acquiring an additional 3,021 shares during the period. Wells Fargo & Company MN boosted its position in shares of Ames National by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 1,124 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Ames National by 270.0% in the fourth quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 5,205 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Ames National by 30.7% in the fourth quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock valued at $187,000 after acquiring an additional 2,679 shares during the period. Institutional investors and hedge funds 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.

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