Ames National (NASDAQ:ATLO) Stock Passes Above 200 Day Moving Average - Time to Sell?

Ames National Corporation (NASDAQ:ATLO - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.71 and traded as high as $28.79. Ames National shares last traded at $28.00, with a volume of 69,185 shares traded.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research upgraded Ames National to a "hold" rating in a research note on Thursday, April 16th. National Bank Financial set a $31.00 price objective on Ames National in a research note on Wednesday, April 15th. Finally, Brean Capital upgraded Ames National to a "hold" rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Ames National has a consensus rating of "Hold" and an average price target of $31.00.

Ames National Trading Down 2.1%

The business has a 50-day moving average price of $27.77 and a two-hundred day moving average price of $24.71. The firm has a market capitalization of $248.00 million, a price-to-earnings ratio of 13.08 and a beta of 0.33.

Ames National Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, February 27th. This is a positive change from Ames National's previous quarterly dividend of $0.20. Ames National's payout ratio is currently 44.86%.

Institutional Trading of Ames National

A number of institutional investors and hedge funds have recently made changes to their positions in ATLO. Fourthstone LLC raised its position in shares of 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 purchasing an additional 213,597 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Ames National during the 4th quarter worth approximately $907,000. Ames National Corp raised its position in shares of Ames National by 72.7% during the 3rd quarter. Ames National Corp now owns 89,057 shares of the financial services provider's stock worth $1,801,000 after purchasing an additional 37,500 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Ames National during the 4th quarter worth approximately $596,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Ames National during the 4th quarter worth approximately $507,000. 26.47% of the stock is currently 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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