Ames National Co. (NASDAQ:ATLO – Get Rating)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.22 and traded as low as $21.87. Ames National shares last traded at $22.05, with a volume of 19,740 shares traded.
Ames National Stock Up 0.3 %
The firm has a market cap of $198.27 million, a price-to-earnings ratio of 9.38 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average price of $22.20 and a 200-day moving average price of $23.22.
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Ames National Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, October 31st. Ames National's dividend payout ratio (DPR) is presently 45.96%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG raised its stake in shares of 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 buying an additional 482 shares during the last quarter. Renaissance Technologies LLC raised its stake in Ames National by 0.5% in the 4th quarter. Renaissance Technologies LLC now owns 133,084 shares of the financial services provider's stock valued at $3,259,000 after purchasing an additional 606 shares during the last quarter. State Street Corp raised its stake 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 valued at $719,000 after purchasing an additional 1,100 shares during the last quarter. Carl P. Sherr & Co. LLC raised its stake in Ames National by 2.9% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 39,106 shares of the financial services provider's stock valued at $972,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Ames National by 10.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,096 shares of the financial services provider's stock valued at $394,000 after purchasing an additional 1,488 shares during the last quarter. Institutional investors and hedge funds own 21.53% of the company's stock.
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.
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