Ames National (ATLO) Receiving Somewhat Favorable Press Coverage, Accern Reports

Media stories about Ames National (NASDAQ:ATLO) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ames National earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.938443800577 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Ames National (NASDAQ ATLO) traded down $1.95 during mid-day trading on Monday, hitting $28.10. 15,000 shares of the stock traded hands, compared to its average volume of 6,839. The firm has a market capitalization of $261.64, a price-to-earnings ratio of 17.56 and a beta of 0.68. Ames National has a twelve month low of $26.60 and a twelve month high of $37.45.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.88 annualized dividend and a dividend yield of 3.13%. Ames National’s dividend payout ratio is presently 55.00%.

Ames National announced that its board has approved a stock repurchase plan on Thursday, November 9th that allows the company to repurchase 100,000 outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Ames National Company Profile

Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.

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