Ames National (NASDAQ:ATLO) Shares Cross Below Two Hundred Day Moving Average of $19.03

Ames National Co. (NASDAQ:ATLO - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.03 and traded as low as $18.93. Ames National shares last traded at $18.96, with a volume of 6,975 shares.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Ames National from a "b-" rating to a "c+" rating in a research report on Wednesday, March 13th.

Ames National Stock Performance

The stock's 50-day simple moving average is $19.20 and its 200-day simple moving average is $19.03. The firm has a market capitalization of $170.85 million, a PE ratio of 15.70 and a beta of 0.58.

Ames National (NASDAQ:ATLO - Get Free Report) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $13.25 million for the quarter. Ames National had a net margin of 12.95% and a return on equity of 6.90%.

Ames National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Tuesday, April 30th. Ames National's payout ratio is currently 89.26%.

Institutional Trading of Ames National

A number of hedge funds have recently modified their holdings of ATLO. BlackRock Inc. boosted its holdings in shares of Ames National by 327.0% during the 2nd quarter. BlackRock Inc. now owns 532,950 shares of the financial services provider's stock valued at $9,609,000 after buying an additional 408,134 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ames National by 88.1% in the 2nd quarter. Geode Capital Management LLC now owns 162,965 shares of the financial services provider's stock worth $2,938,000 after purchasing an additional 76,340 shares in the last quarter. State Street Corp boosted its stake in Ames National by 165.3% in the 2nd quarter. State Street Corp now owns 107,221 shares of the financial services provider's stock worth $1,933,000 after purchasing an additional 66,800 shares in the last quarter. Northern Trust Corp boosted its stake in Ames National by 245.1% in the 2nd quarter. Northern Trust Corp now owns 73,577 shares of the financial services provider's stock worth $1,327,000 after purchasing an additional 52,257 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Ames National in the 1st quarter worth about $690,000. Institutional investors own 26.47% of the company's stock.

Ames National Company 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.