Ames National (NASDAQ:ATLO) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Ames National shares rose above their 50-day moving average, reaching $32.31 and last trading at $32.02, compared with a 50-day average of $31.28.
• Analyst sentiment remains mixed: Weiss Ratings reaffirmed a “buy” rating, while the broader consensus is “Hold” with a $31.00 price target.
• The company reported quarterly EPS of $0.67 and revenue of $19.08 million, while maintaining a quarterly dividend of $0.24 per share, equivalent to a 3.0% yield.

Ames National Corporation (NASDAQ:ATLO - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $31.28 and traded as high as $32.31. Ames National shares last traded at $32.02, with a volume of 22,706 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ames National in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Ames National presently has a consensus rating of "Hold" and a consensus price target of $31.00.

Ames National Trading Up 0.3%

The company has a market capitalization of $283.70 million, a PE ratio of 12.41 and a beta of 0.31. The business's fifty day moving average is $31.28 and its two-hundred day moving average is $29.52.

Ames National (NASDAQ:ATLO - Get Free Report) last issued its earnings results on Friday, July 17th. The financial services provider reported $0.67 EPS for the quarter. The business had revenue of $19.08 million for the quarter. Ames National had a return on equity of 11.08% and a net margin of 22.64%. As a group, equities research analysts anticipate that Ames National Corporation will post 2.72 EPS for the current year.

Ames National Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. Ames National's dividend payout ratio (DPR) is 37.21%.

Hedge Funds Weigh In On Ames National

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Ames National by 6.7% in the first quarter. Empowered Funds LLC now owns 11,353 shares of the financial services provider's stock worth $320,000 after acquiring an additional 714 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Ames National by 1.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 100,392 shares of the financial services provider's stock valued at $2,833,000 after purchasing an additional 1,629 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ames National by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 273,040 shares of the financial services provider's stock valued at $7,705,000 after purchasing an additional 7,120 shares during the period. Larry Mathis Financial Planning LLC bought a new position in Ames National during the first quarter valued at approximately $238,000. Finally, Deutsche Bank AG bought a new position in Ames National during the second quarter valued at approximately $259,000. Hedge funds and other institutional investors own 26.47% of the company's stock.

Ames National Company Profile

Ames National Corporation is a bank holding company headquartered in Ames, Iowa. Through its community banking subsidiaries, the company provides financial services to individuals, families, farmers and businesses across Iowa.

The company's banking activities include accepting deposits and providing commercial, agricultural, residential real estate and consumer loans. Its subsidiaries also offer services such as checking and savings accounts, treasury management, online and mobile banking, wealth management and other traditional community banking products.

Ames National Corporation traces its history to the establishment of Ames National Bank in 1903.

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