Ames National Co. (NASDAQ:ATLO – Get Rating) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.13 and traded as high as $22.25. Ames National shares last traded at $22.01, with a volume of 26,690 shares.
Ames National Stock Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $197.91 million, a P/E ratio of 9.37 and a beta of 0.64. The stock's 50 day moving average is $22.13 and its two-hundred day moving average is $22.92.
Get Ames National alerts:Ames National Announces Dividend
The business also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, October 31st. Ames National's dividend payout ratio (DPR) is presently 45.96%.
Hedge Funds Weigh In On Ames National
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Ames National by 6.6% during the first quarter. Vanguard Group Inc. now owns 399,971 shares of the financial services provider's stock worth $9,943,000 after buying an additional 24,918 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ames National by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 192,291 shares of the financial services provider's stock valued at $4,780,000 after buying an additional 14,305 shares during the last quarter. LPL Financial LLC raised its holdings 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 purchasing an additional 15,415 shares during the last quarter. State Street Corp raised its holdings in Ames National by 4.5% during the 1st quarter. State Street Corp now owns 31,312 shares of the financial services provider's stock worth $778,000 after purchasing an additional 1,358 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Ames National by 152.8% during the 1st quarter. Acadian Asset Management LLC now owns 12,888 shares of the financial services provider's stock worth $318,000 after purchasing an additional 7,790 shares during the last quarter. 19.82% of the stock is owned by institutional investors.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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