Ames National Corporation $ATLO Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has significantly reduced its holdings in Ames National Corporation, cutting its shares by 49.2% to approximately 14,552 shares.
• Ames National reported a quarterly EPS of $0.51 and a revenue of $16.11 million for the latest quarter, reflecting a net margin of 14.44% and a return on equity of 7.46%.
• The company declared a quarterly dividend of $0.20 per share, representing an annualized amount of $0.80 and a dividend yield of 3.9%.

Goldman Sachs Group Inc. trimmed its holdings in shares of Ames National Corporation (NASDAQ:ATLO - Free Report) by 49.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,552 shares of the financial services provider's stock after selling 14,094 shares during the period. Goldman Sachs Group Inc. owned approximately 0.16% of Ames National worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in Ames National by 11.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,066 shares of the financial services provider's stock valued at $246,000 after buying an additional 1,389 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ames National by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,759 shares of the financial services provider's stock valued at $469,000 after acquiring an additional 1,629 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Ames National by 1,587.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 1,635 shares during the period. Bank of America Corp DE raised its holdings in Ames National by 30.7% during the fourth quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after purchasing an additional 2,679 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Ames National by 26.5% in the fourth quarter. Squarepoint Ops LLC now owns 15,907 shares of the financial services provider's stock worth $261,000 after purchasing an additional 3,332 shares during the period. Institutional investors and hedge funds own 26.47% of the company's stock.

Ames National Stock Performance

Shares of NASDAQ ATLO opened at $20.41 on Monday. Ames National Corporation has a 1 year low of $15.69 and a 1 year high of $20.89. The firm has a market cap of $181.65 million, a P/E ratio of 13.25 and a beta of 0.49. The stock has a fifty day moving average price of $19.49 and a two-hundred day moving average price of $18.23.

Ames National (NASDAQ:ATLO - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The financial services provider reported $0.51 EPS for the quarter. Ames National had a return on equity of 7.46% and a net margin of 14.44%.The company had revenue of $16.11 million for the quarter.

Ames National Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.9%. Ames National's dividend payout ratio (DPR) is 51.95%.

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.

Want to see what other hedge funds are holding ATLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ames National Corporation (NASDAQ:ATLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.