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Ames National (NASDAQ:ATLO) Announces Earnings Results

Ames National logo with Finance background

Key Points

  • Ames National reported a quarterly earnings per share (EPS) of $0.51, with a net margin of 12.10% and a return on equity of 6.41%.
  • The company’s stock price rose 0.2% to $18.56, with a market capitalization of $165.56 million.
  • Geode Capital Management LLC increased its stake in Ames National by 2.5% in the second quarter, now owning 2.41% of the company.
  • Looking to Export and Analyze Ames National Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Ames National (NASDAQ:ATLO - Get Free Report) issued its quarterly earnings data on Friday. The financial services provider reported $0.51 EPS for the quarter, Zacks reports. Ames National had a net margin of 12.10% and a return on equity of 6.41%.

Ames National Trading Up 0.2%

Shares of Ames National stock traded up $0.04 on Friday, reaching $18.56. 1,697 shares of the company were exchanged, compared to its average volume of 14,639. The company has a 50-day moving average of $17.98 and a 200 day moving average of $17.82. Ames National has a one year low of $15.69 and a one year high of $19.64. The company has a market capitalization of $165.56 million, a price-to-earnings ratio of 14.62 and a beta of 0.50.

Institutional Trading of Ames National

A hedge fund recently raised its stake in Ames National stock. Geode Capital Management LLC lifted its holdings in shares of Ames National Corporation (NASDAQ:ATLO - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,104 shares of the financial services provider's stock after purchasing an additional 5,201 shares during the quarter. Geode Capital Management LLC owned 2.41% of Ames National worth $3,831,000 as of its most recent SEC filing. 26.47% of the stock is currently owned by institutional investors.

About Ames National

(Get Free Report)

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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Earnings History for Ames National (NASDAQ:ATLO)

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