Millennium Management LLC Makes New $276,000 Investment in Ames National Co. (NASDAQ:ATLO)

Millennium Management LLC acquired a new stake in Ames National Co. (NASDAQ:ATLO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,782 shares of the financial services provider's stock, valued at approximately $276,000. Millennium Management LLC owned 0.19% of Ames National as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clarity Asset Management Inc. grew its position in shares of 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 valued at $80,000 after purchasing an additional 3,021 shares during the period. Wells Fargo & Company MN lifted its stake in shares of 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 raised its stake in Ames National by 270.0% during the fourth quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider's stock valued at $117,000 after buying an additional 5,205 shares in the last quarter. Bank of America Corp DE raised its position in shares of Ames National by 30.7% during the 4th 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 during the period. Finally, Barclays PLC raised its position in shares of Ames National by 15.7% during the 4th quarter. Barclays PLC now owns 13,215 shares of the financial services provider's stock worth $217,000 after purchasing an additional 1,797 shares during the period. 26.47% of the stock is currently owned by institutional investors and hedge funds.

Ames National Stock Down 0.3%

NASDAQ ATLO traded down $0.06 on Friday, reaching $17.83. 20,519 shares of the stock traded hands, compared to its average volume of 16,643. The firm's fifty day simple moving average is $17.39 and its 200 day simple moving average is $17.47. The company has a market cap of $158.97 million, a price-to-earnings ratio of 15.64 and a beta of 0.48. Ames National Co. has a 12 month low of $15.69 and a 12 month high of $22.03.

Ames National (NASDAQ:ATLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.39 earnings per share for the quarter. The company had revenue of $15.46 million during the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

About Ames National

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.