Ames National (NASDAQ:ATLO) Stock Passes Below 50-Day Moving Average of $26.89

Ames National Co. (NASDAQ:ATLO)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.89 and traded as low as $26.22. Ames National shares last traded at $26.26, with a volume of 50 shares changing hands.

Several equities research analysts have issued reports on ATLO shares. BidaskClub lowered shares of Ames National from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. ValuEngine downgraded shares of Ames National from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $26.83. The stock has a market cap of $251.76 million, a P/E ratio of 14.73 and a beta of 0.60.

Ames National (NASDAQ:ATLO) last issued its earnings results on Friday, April 12th. The financial services provider reported $0.46 EPS for the quarter. Ames National had a net margin of 28.92% and a return on equity of 10.02%. The company had revenue of $12.90 million for the quarter.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.96 annualized dividend and a dividend yield of 3.54%.

Several large investors have recently modified their holdings of ATLO. BlackRock Inc. boosted its stake in shares of Ames National by 2.0% in the 4th quarter. BlackRock Inc. now owns 580,285 shares of the financial services provider’s stock valued at $14,752,000 after purchasing an additional 11,627 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Ames National in the 1st quarter valued at $291,000. Dimensional Fund Advisors LP boosted its stake in shares of Ames National by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 87,601 shares of the financial services provider’s stock valued at $2,227,000 after purchasing an additional 7,634 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ames National by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 67,249 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 4,490 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Ames National in the 4th quarter valued at $110,000. Institutional investors own 23.74% of the company’s stock.

About Ames National (NASDAQ:ATLO)

Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking, savings, and accounts; and time deposits of various types, including money market accounts and certificates of deposit.

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