JPMorgan Chase & Co. Buys 17,269 Shares of Ames National Co. (NASDAQ:ATLO)

JPMorgan Chase & Co. increased its holdings in shares of Ames National Co. (NASDAQ:ATLO - Free Report) by 120.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,596 shares of the financial services provider's stock after purchasing an additional 17,269 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of Ames National worth $519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ATLO. State Street Corp lifted its position in Ames National by 0.9% in the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider's stock valued at $2,252,000 after acquiring an additional 1,069 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Ames National by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider's stock valued at $3,731,000 after purchasing an additional 4,843 shares during the period. Barclays PLC lifted its holdings in shares of Ames National by 299.1% in the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider's stock valued at $208,000 after purchasing an additional 8,557 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of Ames National during the fourth quarter worth about $1,875,000. 26.47% of the stock is currently owned by institutional investors and hedge funds.

Ames National Price Performance

Shares of ATLO traded up $0.22 during mid-day trading on Tuesday, hitting $17.22. 13,949 shares of the company's stock were exchanged, compared to its average volume of 16,698. Ames National Co. has a 52 week low of $15.69 and a 52 week high of $22.03. The company has a market cap of $153.53 million, a PE ratio of 15.11 and a beta of 0.46. The company has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $17.44.

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

Ames National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Friday, May 30th. Ames National's dividend payout ratio (DPR) is currently 62.99%.

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.