Ames National (NASDAQ:ATLO) Stock Passes Below Two Hundred Day Moving Average of $19.70

Ames National Co. (NASDAQ:ATLO) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.70 and traded as low as $18.00. Ames National shares last traded at $18.16, with a volume of 10,420 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ames National from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th.

Ames National Trading Down 0.4 %

The firm has a market capitalization of $162.63 million, a price-to-earnings ratio of 16.30 and a beta of 0.56. The business has a 50-day moving average price of $19.50 and a two-hundred day moving average price of $19.70.

Ames National (NASDAQ:ATLO) last posted its earnings results on Friday, August 9th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%. The firm had revenue of $13.49 million during the quarter.

Ames National Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.20 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.80 annualized dividend and a dividend yield of 4.42%. Ames National’s payout ratio is 72.07%.

Institutional Investors Weigh In On Ames National

Institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Ames National by 2,044.0% during the 4th quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,533 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Ames National by 75.7% in the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,832 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 1,737 shares during the period. Choreo LLC bought a new stake in Ames National during the second quarter worth approximately $807,000. Finally, Vanguard Group Inc. lifted its position in Ames National by 0.6% in the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after purchasing an additional 2,965 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.