Ames National (NASDAQ:ATLO) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Ames National Co. (NASDAQ:ATLO) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.61 and traded as low as $15.80. Ames National shares last traded at $16.44, with a volume of 83,988 shares.

Ames National Stock Up 3.0 %

The company has a 50 day moving average of $17.37 and a 200 day moving average of $18.57. The stock has a market capitalization of $147.83 million, a price-to-earnings ratio of 16.61 and a beta of 0.56.

Ames National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.87%. Ames National’s payout ratio is currently 80.81%.

Hedge Funds Weigh In On Ames National

A number of large investors have recently bought and sold shares of ATLO. State Street Corp grew its stake in shares of Ames National by 0.9% during the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock valued at $2,252,000 after buying an additional 1,069 shares during the period. Bank of New York Mellon Corp boosted its holdings in Ames National by 4.9% in 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 last quarter. Geode Capital Management LLC grew its position in Ames National by 2.4% during the third quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock valued at $3,731,000 after acquiring an additional 4,843 shares during the period. Barclays PLC increased its stake in Ames National by 299.1% during the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 8,557 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Ames National in the 2nd quarter worth about $807,000. Hedge funds and other institutional investors own 26.47% of the company’s stock.

About Ames National

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.