Ames National (NASDAQ:ATLO) Director Buys $10,127.00 in Stock

Key Points

• Director Douglas Beals purchased 325 Ames National shares for approximately $10,127, increasing his direct ownership by 11.02% to 3,275 shares.
• Ames National reported quarterly EPS of $0.67 on revenue of $19.08 million, while its shares recently traded at $31.48. Analysts maintain a consensus “Hold” rating with a $31.00 average price target.
• The company declared a quarterly dividend of $0.24 per share, implying $0.96 in annualized dividends and a 3.0% yield; institutional investors own 26.47% of the stock.

Ames National Corporation (NASDAQ:ATLO - Get Free Report) Director Douglas Beals bought 325 shares of Ames National stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $31.16 per share, for a total transaction of $10,127.00. Following the completion of the purchase, the director directly owned 3,275 shares of the company's stock, valued at $102,049. This trade represents a 11.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Ames National Trading Down 0.8%

ATLO traded down $0.25 on Friday, hitting $31.48. The company had a trading volume of 20,367 shares, compared to its average volume of 54,595. The firm has a market cap of $278.82 million, a P/E ratio of 12.20 and a beta of 0.30. The company's fifty day moving average price is $30.30 and its 200 day moving average price is $28.83. Ames National Corporation has a 1 year low of $19.18 and a 1 year high of $32.30.

Ames National (NASDAQ:ATLO - Get Free Report) last posted its earnings results on Friday, July 17th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $19.08 million for the quarter. Ames National had a return on equity of 11.08% and a net margin of 22.64%. On average, analysts predict that Ames National Corporation will post 2.72 earnings per share for the current year.

Ames National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 1st. Ames National's dividend payout ratio is currently 37.21%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Ames National in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Ames National currently has a consensus rating of "Hold" and an average price target of $31.00.

Hedge Funds Weigh In On Ames National

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Ames National in the second quarter valued at about $20,228,000. Vanguard Group Inc. grew its position in shares of Ames National by 1.0% during the third quarter. Vanguard Group Inc. now owns 508,760 shares of the financial services provider's stock worth $10,287,000 after buying an additional 5,063 shares in the last quarter. Fourthstone LLC grew its holdings in Ames National by 94.9% during the 4th quarter. Fourthstone LLC now owns 438,696 shares of the financial services provider's stock worth $10,072,000 after acquiring an additional 213,597 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Ames National by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,040 shares of the financial services provider's stock worth $7,705,000 after acquiring an additional 7,120 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ames National by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 215,104 shares of the financial services provider's stock worth $3,831,000 after purchasing an additional 5,201 shares during the last quarter. 26.47% of the stock is currently owned by institutional investors and hedge funds.

Ames National Company Profile

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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