Ames National Corporation (NASDAQ:ATLO) Declares Quarterly Dividend of $0.20

Key Points

• Ames National Corporation has declared a quarterly dividend of $0.20 per share, with shareholders eligible on September 1st to be paid on September 15th, representing an annualized yield of 4.2%.
• The company's stock traded down to $19.06 during midday trading, with a market capitalization of $169.63 million and a P/E ratio of 12.38.
• As of the last quarter, institutional investors own 26.47% of Ames National's stock, with significant increases in holdings reported from firms such as JPMorgan Chase & Co. and Wells Fargo & Company.

Ames National Corporation (NASDAQ:ATLO - Get Free Report) declared a quarterly dividend on Friday, August 15th, Wall Street Journal reports. Shareholders of record on Monday, September 1st will be paid a dividend of 0.20 per share by the financial services provider on Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, August 29th.

Ames National Price Performance

ATLO stock traded down $0.22 during midday trading on Friday, reaching $19.06. 8,085 shares of the company's stock traded hands, compared to its average volume of 14,497. The company has a market capitalization of $169.63 million, a P/E ratio of 12.38 and a beta of 0.50. Ames National has a fifty-two week low of $15.69 and a fifty-two week high of $19.64. The business has a 50-day moving average price of $18.14 and a two-hundred day moving average price of $17.86.

Ames National (NASDAQ:ATLO - Get Free Report) last posted its earnings results on Friday, August 8th. The financial services provider reported $0.51 EPS for the quarter. Ames National had a net margin of 14.44% and a return on equity of 7.46%. The business had revenue of $16.11 million for the quarter.

Institutional Trading of Ames National

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Ames National by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 31,596 shares of the financial services provider's stock worth $519,000 after purchasing an additional 17,269 shares during the period. Wells Fargo & Company MN grew its position in Ames National by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock valued at $85,000 after buying an additional 1,124 shares in the last quarter. Barclays PLC grew its position in Ames National by 15.7% in the 4th quarter. Barclays PLC now owns 13,215 shares of the financial services provider's stock valued at $217,000 after buying an additional 1,797 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ames National by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 243,423 shares of the financial services provider's stock valued at $3,999,000 after buying an additional 10,182 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Ames National by 3.1% in the 4th quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider's stock valued at $1,248,000 after acquiring an additional 2,273 shares during the last quarter. 26.47% of the stock is owned by institutional investors and hedge funds.

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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