Ames National (NASDAQ:ATLO) Downgraded by BidaskClub to Sell

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BidaskClub lowered shares of Ames National (NASDAQ:ATLO) from a hold rating to a sell rating in a research note published on Saturday, BidAskClub reports.

Separately, ValuEngine raised Ames National from a sell rating to a hold rating in a report on Saturday, October 19th.

NASDAQ ATLO remained flat at $$27.13 during trading hours on Friday. The company had a trading volume of 10,486 shares, compared to its average volume of 14,679. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $250.21 million, a P/E ratio of 14.66 and a beta of 0.59. The business’s 50 day moving average price is $27.68 and its 200-day moving average price is $27.43. Ames National has a twelve month low of $24.47 and a twelve month high of $29.46.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.44 earnings per share for the quarter. Ames National had a net margin of 27.36% and a return on equity of 9.50%. The firm had revenue of $12.93 million for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted its position in Ames National by 3.0% in the second quarter. US Bancorp DE now owns 14,533 shares of the financial services provider’s stock valued at $394,000 after buying an additional 418 shares in the last quarter. California Public Employees Retirement System boosted its stake in Ames National by 3.3% during the 3rd quarter. California Public Employees Retirement System now owns 25,339 shares of the financial services provider’s stock valued at $725,000 after purchasing an additional 801 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ames National by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 142,814 shares of the financial services provider’s stock valued at $3,870,000 after acquiring an additional 1,088 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Ames National by 8.9% in the 3rd quarter. Rhumbline Advisers now owns 13,888 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Ames National by 7.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 20,803 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 1,474 shares during the last quarter. 24.79% of the stock is owned by hedge funds and other institutional investors.

Ames National Company Profile

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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