Nuveen LLC Purchases Shares of 14,588 Ames National Corporation $ATLO

Key Points

• Nuveen LLC has acquired a new stake in Ames National Corporation, purchasing 14,588 shares valued at approximately $256,000, which brings its ownership to 0.16% of the company.
• Other institutional investors have increased their stakes in Ames National, with PNC Financial Services Group raising its holdings by 1,587.4% in the first quarter.
• Ames National recently declared a quarterly dividend of $0.20 per share, reflecting an annual yield of 4.0% and a payout ratio of 51.95%.

Nuveen LLC purchased a new position in shares of Ames National Corporation (NASDAQ:ATLO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,588 shares of the financial services provider's stock, valued at approximately $256,000. Nuveen LLC owned about 0.16% of Ames National at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATLO. Ames National Corp bought a new stake in shares of Ames National during the fourth quarter worth about $403,000. Millennium Management LLC bought a new stake in shares of Ames National during the fourth quarter worth about $276,000. Deutsche Bank AG bought a new stake in shares of Ames National during the fourth quarter worth about $244,000. Stockman Wealth Management Inc. bought a new stake in shares of Ames National during the first quarter worth about $188,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Ames National by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 243,423 shares of the financial services provider's stock worth $3,999,000 after purchasing an additional 10,182 shares during the last quarter. 26.47% of the stock is currently owned by institutional investors.

Ames National Price Performance

Shares of Ames National stock traded up $0.42 during midday trading on Thursday, reaching $20.70. The company had a trading volume of 8,543 shares, compared to its average volume of 9,571. The stock has a fifty day moving average price of $18.98 and a 200 day moving average price of $18.07. The firm has a market cap of $184.23 million, a PE ratio of 13.44 and a beta of 0.49. Ames National Corporation has a fifty-two week low of $15.69 and a fifty-two week high of $20.75.

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

Ames National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 annualized dividend and a yield of 3.9%. Ames National's payout ratio is 51.95%.

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.