Key Points
- Director Douglas Beals purchased 500 shares of Ames National (NASDAQ:ATLO) on Nov. 13 at an average price of $21.37, boosting his holdings by 20.41% to 2,950 shares valued at $63,041.50.
- Ames National declared a $0.20 quarterly dividend ( $0.80 annualized) with an ex-dividend and record date of Dec. 1 and a payment date of Dec. 15, implying a yield of about 3.8%.
- The company has a market cap of $185.8M and a P/E of 11.61, reported quarterly EPS of $0.51 with a 16.68% net margin and 8.73% ROE, and was recently upgraded by Weiss Ratings from "hold (c+)" to "buy (b-)."
Ames National Corporation (NASDAQ:ATLO - Get Free Report) Director Douglas Beals purchased 500 shares of Ames National stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $21.37 per share, with a total value of $10,685.00. Following the completion of the transaction, the director directly owned 2,950 shares in the company, valued at $63,041.50. The trade was a 20.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ames National Price Performance
ATLO stock opened at $20.90 on Tuesday. The firm's fifty day simple moving average is $20.57 and its 200-day simple moving average is $19.08. The company has a market capitalization of $185.84 million, a P/E ratio of 11.61 and a beta of 0.49. Ames National Corporation has a 12 month low of $15.75 and a 12 month high of $21.48.
Ames National (NASDAQ:ATLO - Get Free Report) last issued its earnings results on Friday, October 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. Ames National had a net margin of 16.68% and a return on equity of 8.73%. The firm had revenue of $16.58 million during the quarter.
Ames National Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 1st. Ames National's payout ratio is 44.44%.
Institutional Investors Weigh In On Ames National
Several hedge funds have recently modified their holdings of ATLO. Bridgeway Capital Management LLC increased its stake in shares of Ames National by 3.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 536 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Ames National by 67.6% in the second 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 buying an additional 1,017 shares during the period. CWM LLC lifted its position in shares of Ames National by 150.5% during the 3rd quarter. CWM LLC now owns 1,836 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,103 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Ames National by 148.3% during the 3rd 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. 26.47% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Ames National from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".
View Our Latest Stock Analysis on ATLO
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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