Ames National Corporation (NASDAQ:ATLO) Plans Quarterly Dividend of $0.24

Key Points

• Ames National declared a quarterly dividend of $0.24 per share, payable September 15 to shareholders of record on September 1. The dividend represents an approximately 3.0% annualized yield.
• Shares fell 0.6% to $31.60, while the company reported quarterly EPS of $0.67, revenue of $19.08 million, a 22.64% net margin and an 11.18% return on equity.
• Institutional investors own 26.47% of Ames National, with several major funds recently increasing their stakes or initiating positions.

Ames National Corporation (NASDAQ:ATLO - Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.24 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

Ames National has decreased its dividend payment by an average of 0.0%annually over the last three years.

Ames National Trading Down 0.6%

Shares of NASDAQ ATLO traded down $0.18 on Friday, reaching $31.60. 18,040 shares of the company traded hands, compared to its average volume of 55,163. The stock has a market capitalization of $279.98 million, a PE ratio of 12.25 and a beta of 0.30. Ames National has a fifty-two week low of $18.93 and a fifty-two week high of $32.23. The company has a 50 day moving average of $30.13 and a 200 day moving average of $28.61.

Ames National (NASDAQ:ATLO - Get Free Report) last released its earnings results on Friday, July 17th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Ames National had a net margin of 22.64% and a return on equity of 11.18%. The business had revenue of $19.08 million for the quarter. As a group, research analysts expect that Ames National will post 2.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in Ames National by 67.6% during the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider's stock worth $25,000 after buying an additional 556 shares during the period. Royal Bank of Canada raised its stake in shares of Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 1,049 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Ames National by 148.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 1,299 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Ames National by 42.3% during the 4th quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 1,886 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Ames National during the 2nd quarter worth $187,000. 26.47% of the stock is owned by institutional investors and hedge funds.

About Ames National

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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