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 a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Ames National from a "buy" rating to a "hold" rating in a research note on Thursday, April 28th.
Ames National Stock Down 0.4 %
ATLO traded down $0.09 during midday trading on Tuesday, hitting $22.11. 6,750 shares of the company were exchanged, compared to its average volume of 16,388. The firm's 50 day moving average price is $22.38 and its 200-day moving average price is $23.44. Ames National has a 1-year low of $21.81 and a 1-year high of $25.55.
Ames National (NASDAQ:ATLO - Get Rating) last posted its quarterly earnings data on Friday, May 6th. The financial services provider reported $0.57 EPS for the quarter. Ames National had a return on equity of 11.45% and a net margin of 32.84%. The company had revenue of $15.71 million for the quarter.
Ames National Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.88%.