BlackRock Inc. purchased a new position in Ames National Corporation (NASDAQ:ATLO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 683,151 shares of the financial services provider's stock, valued at approximately $20,228,000. BlackRock Inc. owned 7.71% of Ames National as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Ames National by 67.6% during 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. Royal Bank of Canada increased its stake in Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider's stock worth $36,000 after acquiring an additional 1,049 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Ames National by 148.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 1,299 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Ames National by 42.3% in the 4th quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Larry Mathis Financial Planning LLC purchased a new stake in shares of Ames National in the 1st quarter valued at about $238,000. Hedge funds and other institutional investors own 26.47% of the company's stock.
Ames National Price Performance
Shares of ATLO opened at $31.75 on Thursday. The firm has a market cap of $281.31 million, a P/E ratio of 12.31 and a beta of 0.31. The stock has a 50 day simple moving average of $30.58 and a two-hundred day simple moving average of $29.09. Ames National Corporation has a 1 year low of $19.56 and a 1 year high of $32.30.
Ames National (NASDAQ:ATLO - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.67 EPS for the quarter. The firm had revenue of $19.08 million for the quarter. Ames National had a net margin of 22.64% and a return on equity of 11.08%. On average, equities analysts anticipate that Ames National Corporation will post 2.72 earnings per share for the current year.
Ames National Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. Ames National's dividend payout ratio (DPR) is currently 37.21%.
Analyst Upgrades and Downgrades
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 given a Hold rating to the company. Based on data from MarketBeat.com, Ames National currently has a consensus rating of "Hold" and a consensus price target of $31.00.
Read Our Latest Research Report on Ames National
Ames National Profile
(
Free Report)
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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