Ames National (NASDAQ:ATLO) Posts Earnings Results

Key Points

• Ames National reported earnings of $0.51 per share for the latest quarter, with a return on equity of 7.46% and a net margin of 14.44%.
• The company paid a quarterly dividend of $0.20 per share, equating to an annualized dividend yield of 4.1%.
• Shares of Ames National closed down 0.4% on Friday, with a current market capitalization of approximately $174.53 million.

Ames National (NASDAQ:ATLO - Get Free Report) posted its earnings results on Friday. The financial services provider reported $0.51 earnings per share for the quarter, Zacks reports. Ames National had a return on equity of 7.46% and a net margin of 14.44%.

Ames National Stock Down 0.4%

Shares of NASDAQ:ATLO traded down $0.07 during trading on Friday, reaching $19.61. 10,471 shares of the company traded hands, compared to its average volume of 14,383. The company's 50 day moving average is $19.95 and its two-hundred day moving average is $18.44. The firm has a market capitalization of $174.53 million, a PE ratio of 12.73 and a beta of 0.43. Ames National has a 52 week low of $15.69 and a 52 week high of $20.89.

Ames National Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, August 29th. Ames National's dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Ames National in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ames National presently has an average rating of "Hold".

Institutional Trading of Ames National

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in shares of Ames National in the second quarter valued at about $367,000. Jane Street Group LLC acquired a new stake in shares of Ames National in the second quarter valued at about $255,000. First Trust Advisors LP acquired a new stake in shares of Ames National in the second quarter valued at about $187,000. Geode Capital Management LLC increased its stake in shares of Ames National by 2.5% in the second quarter. Geode Capital Management LLC now owns 215,104 shares of the financial services provider's stock valued at $3,831,000 after buying an additional 5,201 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Ames National by 67.6% in the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider's stock valued at $25,000 after buying an additional 556 shares during the period. 26.47% of the stock is currently owned by institutional investors.

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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