Key Points
- Director Douglas Beals purchased 325 Ames National shares at an average price of $31.16, investing $10,127 and increasing his ownership by 11.02% to 3,275 shares.
- Ames National shares opened at $31.76, near their 12-month high of $32.30. The bank reported quarterly EPS of $0.67 on $19.08 million in revenue.
- The company declared a quarterly dividend of $0.24 per share, equivalent to $0.96 annually and a 3.0% yield. Analysts’ consensus rating is “Hold,” with a $31.00 target price.
Ames National Corporation (NASDAQ:ATLO - Get Free Report) Director Douglas Beals bought 325 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $31.16 per share, for a total transaction of $10,127.00. Following the completion of the acquisition, the director owned 3,275 shares of the company's stock, valued at $102,049. This trade represents a 11.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ames National Trading Up 0.1%
Shares of NASDAQ:ATLO opened at $31.76 on Friday. Ames National Corporation has a 12-month low of $19.18 and a 12-month high of $32.30. The company has a market capitalization of $281.39 million, a PE ratio of 12.31 and a beta of 0.30. The business has a 50 day moving average of $30.33 and a two-hundred day moving average of $28.85.
Ames National (NASDAQ:ATLO - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts predict that Ames National Corporation will post 2.72 earnings per share for the current fiscal year.
Ames National Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 1st. Ames National's payout ratio is currently 37.21%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "buy (b)" rating on shares of Ames National in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Ames National currently has an average rating of "Hold" and a consensus target price of $31.00.
Read Our Latest Stock Report on Ames National
Institutional Trading of Ames National
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its stake 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 buying an additional 556 shares during the period. Royal Bank of Canada grew its stake in Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 1,049 shares during the period. BNP Paribas Financial Markets increased its holdings in Ames National by 148.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider's stock worth $44,000 after acquiring an additional 1,299 shares in the last quarter. Deutsche Bank AG increased its holdings in Ames National by 42.3% in the 4th quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider's stock worth $146,000 after acquiring an additional 1,886 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Ames National during the second quarter worth $187,000. 26.47% of the stock is currently owned by hedge funds and other institutional investors.
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.
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