Ames National Co. (NASDAQ:ATLO - Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 92,700 shares, a drop of 9.4% from the March 31st total of 102,300 shares. Approximately 1.1% of the company's shares are short sold. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is presently 6.9 days.
Analysts Set New Price Targets
Separately, TheStreet lowered shares of Ames National from a "b-" rating to a "c+" rating in a research report on Wednesday, March 13th.
Read Our Latest Analysis on Ames National
Ames National Trading Down 0.5 %
NASDAQ:ATLO traded down $0.09 during trading hours on Monday, hitting $19.65. The stock had a trading volume of 9,267 shares, compared to its average volume of 12,875. The business has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $19.21. Ames National has a 1-year low of $15.01 and a 1-year high of $22.50. The company has a market cap of $176.65 million, a PE ratio of 16.24 and a beta of 0.58.
Ames National Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Tuesday, April 30th. Ames National's dividend payout ratio (DPR) is 89.26%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Ames National stock. SG Americas Securities LLC bought a new stake in shares of Ames National Co. (NASDAQ:ATLO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,691 shares of the financial services provider's stock, valued at approximately $100,000. SG Americas Securities LLC owned about 0.05% of Ames National at the end of the most recent quarter. 26.47% of the stock is owned by institutional investors and hedge funds.
About Ames National
(
Get Free Report)
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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