Ames National Co. (NASDAQ:ATLO – Get Rating) Director Patrick G. Hagan acquired 500 shares of Ames National stock in a transaction dated Friday, August 19th. The stock was purchased at an average price of $22.25 per share, for a total transaction of $11,125.00. Following the completion of the acquisition, the director now directly owns 6,300 shares in the company, valued at approximately $140,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ames National Price Performance

Shares of ATLO opened at $22.20 on Monday. Ames National Co. has a twelve month low of $21.81 and a twelve month high of $25.55. The firm's fifty day simple moving average is $22.25 and its 200-day simple moving average is $23.28. The firm has a market capitalization of $199.62 million, a price-to-earnings ratio of 9.45 and a beta of 0.66. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03.

Ames National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, October 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.86%. Ames National's payout ratio is 45.96%.

Institutional Investors Weigh In On Ames National

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ames National from a "buy" rating to a "hold" rating in a report on Thursday, April 28th.

Ames National Company Profile

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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 a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.

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