Ames National Co. (NASDAQ:ATLO) Short Interest Update

Ames National Co. (NASDAQ:ATLO) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 69,100 shares, a decrease of 29.8% from the January 31st total of 98,500 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 20,900 shares, the days-to-cover ratio is presently 3.3 days.

Ames National Stock Down 1.0 %

Shares of ATLO stock opened at $18.44 on Wednesday. The firm has a market cap of $165.81 million, a price-to-earnings ratio of 16.18 and a beta of 0.57. Ames National has a 12 month low of $15.69 and a 12 month high of $22.03. The stock has a 50-day moving average price of $17.61 and a 200 day moving average price of $17.69.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter. Ames National had a net margin of 11.05% and a return on equity of 5.94%.

Ames National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. Ames National’s dividend payout ratio is currently 70.18%.

Institutional Investors Weigh In On Ames National

Institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in Ames National during the fourth quarter worth about $1,875,000. Ames National Corp bought a new stake in Ames National in the fourth quarter valued at approximately $403,000. Arrowstreet Capital Limited Partnership increased its stake in Ames National by 38.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,251 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 18,556 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ames National by 120.5% in the fourth quarter. JPMorgan Chase & Co. now owns 31,596 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 17,269 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Ames National during the fourth quarter worth $276,000. 26.47% of the stock is owned by institutional investors and hedge funds.

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.