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.
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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
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its stake in Ames National by 3.5% during 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 in the last quarter. LPL Financial LLC raised its stake in Ames National by 63.2% during 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 in the last quarter. UBS Group AG raised its stake in Ames National by 45.0% during the 2nd quarter. UBS Group AG now owns 1,552 shares of the financial services provider's stock worth $35,000 after acquiring an additional 482 shares in the last quarter. Vanguard Group Inc. raised its stake in Ames National by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 399,971 shares of the financial services provider's stock worth $9,943,000 after acquiring an additional 24,918 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Ames National by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 192,291 shares of the financial services provider's stock worth $4,780,000 after acquiring an additional 14,305 shares in the last quarter. 21.53% of the stock is currently owned by institutional investors and hedge funds.
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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