Elizabeth Park Capital Advisors Ltd. Buys New Position in Ames National Corporation $ATLO

Key Points

• Elizabeth Park Capital Advisors Ltd. has acquired a new stake in Ames National Corporation (NASDAQ: ATLO), buying 107,385 shares valued at approximately $1,881,000.
• Ames National recently announced a quarterly dividend of $0.20 per share, which will yield 4.0% annually for shareholders, with the ex-dividend date set for August 29th.
• The company's stock has shown strong performance, with a market cap of $176.13 million and a price-to-earnings ratio of 12.85.

Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of Ames National Corporation (NASDAQ:ATLO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 107,385 shares of the financial services provider's stock, valued at approximately $1,881,000. Elizabeth Park Capital Advisors Ltd. owned approximately 1.20% of Ames National at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ATLO. PNC Financial Services Group Inc. boosted its holdings in Ames National by 1,587.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider's stock worth $30,000 after acquiring an additional 1,635 shares in the last quarter. Clarity Asset Management Inc. boosted its holdings in Ames National by 162.7% in the fourth quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider's stock worth $80,000 after acquiring an additional 3,021 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Ames National by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider's stock worth $85,000 after acquiring an additional 1,124 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Ames National by 270.0% in the fourth quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider's stock worth $117,000 after acquiring an additional 5,205 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Ames National by 30.7% in the fourth quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider's stock worth $187,000 after acquiring an additional 2,679 shares in the last quarter. Institutional investors own 26.47% of the company's stock.

Ames National Stock Performance

Shares of NASDAQ:ATLO opened at $19.79 on Wednesday. The business's 50 day simple moving average is $18.41 and its two-hundred day simple moving average is $17.93. The firm has a market cap of $176.13 million, a P/E ratio of 12.85 and a beta of 0.50. Ames National Corporation has a 52-week low of $15.69 and a 52-week high of $19.97.

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

Ames National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, August 29th. Ames National's dividend payout ratio (DPR) is currently 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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