Ames National Co. (NASDAQ:ATLO – Get Rating) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 59,800 shares, an increase of 12.0% from the August 15th total of 53,400 shares. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is presently 4.2 days. Currently, 0.7% of the company's stock are short sold.

Hedge Funds Weigh In On Ames National

A number of hedge funds have recently added to or reduced their stakes in ATLO. UBS Group AG raised its holdings in Ames National by 256.7% in the 1st quarter. UBS Group AG now owns 1,070 shares of the financial services provider's stock worth $26,000 after acquiring an additional 770 shares during the last quarter. City State Bank purchased a new position in Ames National in the 4th quarter worth approximately $36,000. Acadian Asset Management LLC purchased a new position in Ames National in the 4th quarter worth approximately $124,000. State Street Corp raised its holdings in Ames National by 3.5% in the 2nd quarter. State Street Corp now owns 32,412 shares of the financial services provider's stock worth $719,000 after acquiring an additional 1,100 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Ames National by 63.2% in the 2nd quarter. LPL Financial LLC now owns 39,792 shares of the financial services provider's stock worth $883,000 after acquiring an additional 15,415 shares during the last quarter. 19.82% of the stock is currently owned by hedge funds and other institutional investors.

Ames National Stock Performance

Shares of ATLO opened at $22.26 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $22.13 and its 200-day moving average price is $22.98. Ames National has a 52 week low of $20.16 and a 52 week high of $25.55. The stock has a market cap of $200.16 million, a P/E ratio of 9.47 and a beta of 0.64.

Ames National Announces Dividend

About Ames National

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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.

Further Reading

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