Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ames National Corporation (NASDAQ:ATLO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,074 shares of the financial services provider's stock, valued at approximately $1,275,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.49% of Ames National as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position 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 worth $25,000 after purchasing an additional 556 shares in the last quarter. Royal Bank of Canada grew its position in Ames National by 210.2% in the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,049 shares in the last quarter. BNP Paribas Financial Markets grew its position in Ames National by 148.3% in the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 1,299 shares in the last quarter. Deutsche Bank AG increased its stake in 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 buying an additional 1,886 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Ames National in the 2nd quarter valued at $187,000. 26.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "buy (b)" rating on shares of Ames National in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ames National presently has a consensus rating of "Hold" and an average target price of $31.00.
View Our Latest Analysis on ATLO
Ames National Stock Performance
NASDAQ ATLO opened at $31.60 on Monday. Ames National Corporation has a 12 month low of $19.56 and a 12 month high of $32.30. The stock has a 50 day moving average of $30.52 and a 200-day moving average of $29.01. The company has a market cap of $279.98 million, a PE ratio of 12.25 and a beta of 0.30.
Ames National (NASDAQ:ATLO - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.67 earnings per share (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%. As a group, sell-side analysts predict that Ames National Corporation will post 2.72 EPS for the current fiscal year.
Ames National Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Ames National's dividend payout ratio (DPR) is presently 37.21%.
About Ames National
(
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.
Further Reading
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