Compound Planning Inc. Invests $268,000 in Ames National Corporation $ATLO

Key Points

• Compound Planning Inc. invested $268,000 in Ames National Corporation by purchasing 15,306 shares, representing approximately 0.17% ownership.
• Ames National has reported $0.51 earnings per share for the latest quarter and will distribute a quarterly dividend of $0.20 per share, with an annualized yield of 4%.
• Institutional investors currently hold 26.47% of Ames National's stock, with significant recent purchases made by firms such as Millennium Management and Deutsche Bank.

Compound Planning Inc. purchased a new position in Ames National Corporation (NASDAQ:ATLO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,306 shares of the financial services provider's stock, valued at approximately $268,000. Compound Planning Inc. owned approximately 0.17% of Ames National as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Millennium Management LLC purchased a new stake in Ames National in the 4th quarter worth $276,000. Deutsche Bank AG purchased a new stake in Ames National in the 4th quarter worth $244,000. BNP Paribas Financial Markets increased its stake in Ames National by 270.0% in the 4th quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider's stock worth $117,000 after buying an additional 5,205 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Ames National by 1,587.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider's stock worth $30,000 after buying an additional 1,635 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Ames National by 30.7% in the 4th quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after buying an additional 2,679 shares in the last quarter. Hedge funds and other institutional investors own 26.47% of the company's stock.

Ames National Stock Performance

Shares of ATLO stock opened at $19.93 on Thursday. Ames National Corporation has a 52-week low of $15.69 and a 52-week high of $19.99. The firm has a market capitalization of $177.38 million, a PE ratio of 12.94 and a beta of 0.50. The stock has a fifty day simple moving average of $18.46 and a two-hundred day simple moving average of $17.94.

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

Ames National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 29th. Ames National's dividend payout ratio is 51.95%.

Ames National 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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