Ames National Corporation (NASDAQ:ATLO - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.28 and traded as high as $32.49. Ames National shares last traded at $32.34, with a volume of 40,885 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ames National in a research note on Friday, September 4th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $31.00.
View Our Latest Research Report on Ames National
Ames National Stock Performance
The firm has a market cap of $286.53 million, a price-to-earnings ratio of 12.53 and a beta of 0.31. The stock has a 50-day moving average of $30.84 and a 200-day moving average of $29.28.
Ames National (NASDAQ:ATLO - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.67 earnings per share for the quarter. The firm had revenue of $19.08 million during the quarter. Ames National had a return on equity of 11.08% and a net margin of 22.64%. Sell-side analysts predict that Ames National Corporation will post 2.72 EPS for the current fiscal year.
Ames National Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Ames National's payout ratio is currently 37.21%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC increased its position in shares of Ames National by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider's stock worth $272,000 after purchasing an additional 536 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Ames National by 67.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider's stock valued at $25,000 after buying an additional 556 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ames National by 6.4% in the 4th quarter. Empowered Funds LLC now owns 10,639 shares of the financial services provider's stock valued at $244,000 after buying an additional 642 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Ames National by 210.2% in the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,049 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Ames National by 148.3% in the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider's stock valued at $44,000 after buying an additional 1,299 shares in the last quarter. Institutional investors own 26.47% of the company's stock.
About Ames National
(
Get Free Report)
Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.
The company's core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.
Further Reading
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