Weiss Ratings Reaffirms "Hold (C+)" Rating for Ames National (NASDAQ:ATLO)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Ames National Corporation (NASDAQ: ATLO) in a recent research report, indicating a neutral outlook for the stock.
• Ames National's shares traded at $19.95 with a market capitalization of $177.55 million, while its stock has fluctuated between a one-year low of $15.69 and a high of $20.89.
• The company reported $0.51 earnings per share for its latest quarter, alongside a net margin of 14.44% and a return on equity of 7.46%.

Ames National (NASDAQ:ATLO - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Ames National Price Performance

Shares of NASDAQ ATLO traded up $0.13 during trading hours on Tuesday, hitting $19.95. 618 shares of the stock were exchanged, compared to its average volume of 14,408. Ames National has a one year low of $15.69 and a one year high of $20.89. The company's 50 day moving average is $19.86 and its 200 day moving average is $18.40. The firm has a market capitalization of $177.55 million, a P/E ratio of 12.95 and a beta of 0.43.

Ames National (NASDAQ:ATLO - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Ames National had a net margin of 14.44% and a return on equity of 7.46%. The company had revenue of $16.11 million during the quarter.

Institutional Trading of Ames National

Several institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC lifted its position in Ames National by 3.6% in the second 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 period. Russell Investments Group Ltd. lifted its holdings in shares of Ames National by 67.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider's stock worth $25,000 after acquiring an additional 556 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Ames National by 7.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,083 shares of the financial services provider's stock worth $269,000 after acquiring an additional 1,017 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ames National by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,759 shares of the financial services provider's stock worth $469,000 after purchasing an additional 1,629 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Ames National by 1,587.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider's stock worth $30,000 after purchasing an additional 1,635 shares during the period. Institutional investors and hedge funds 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.

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