Ames National (NASDAQ:ATLO) Stock Price Passes Below Two Hundred Day Moving Average of $27.20

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Ames National Co. (NASDAQ:ATLO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.20 and traded as low as $27.01. Ames National shares last traded at $27.30, with a volume of 10,600 shares trading hands.

Several equities analysts have issued reports on ATLO shares. ValuEngine upgraded shares of Ames National from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. BidaskClub cut shares of Ames National from a “buy” rating to a “hold” rating in a report on Thursday, October 17th.

The business’s fifty day moving average price is $27.87 and its 200 day moving average price is $27.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $266.72 million, a PE ratio of 15.19 and a beta of 0.57.

Ames National (NASDAQ:ATLO) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.50 EPS for the quarter. Ames National had a net margin of 28.50% and a return on equity of 9.97%. The business had revenue of $13.14 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.54%.

Several large investors have recently made changes to their positions in ATLO. BlackRock Inc. raised its holdings in Ames National by 1.0% during the second quarter. BlackRock Inc. now owns 571,383 shares of the financial services provider’s stock worth $15,486,000 after purchasing an additional 5,531 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ames National by 0.8% during the second quarter. Vanguard Group Inc. now owns 142,814 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 1,088 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Ames National by 5.9% during the second quarter. Renaissance Technologies LLC now owns 115,021 shares of the financial services provider’s stock worth $3,117,000 after purchasing an additional 6,421 shares in the last quarter. Northern Trust Corp raised its holdings in Ames National by 3.2% during the second quarter. Northern Trust Corp now owns 106,841 shares of the financial services provider’s stock worth $2,896,000 after purchasing an additional 3,316 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in Ames National by 3.3% during the third quarter. California Public Employees Retirement System now owns 25,339 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 801 shares in the last quarter. 23.82% of the stock is owned by institutional investors and hedge funds.

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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