Ames National (NASDAQ:ATLO) Share Price Passes Below 200 Day Moving Average – What’s Next?

Ames National Co. (NASDAQ:ATLO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.48 and traded as low as $17.27. Ames National shares last traded at $17.32, with a volume of 7,767 shares trading hands.

Ames National Stock Down 0.2 %

The company has a market cap of $154.43 million, a P/E ratio of 15.19 and a beta of 0.46. The business’s 50 day moving average is $17.70 and its 200 day moving average is $17.48.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.39 earnings per share for the quarter. The company had revenue of $15.46 million for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Ames National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Friday, May 30th. Ames National’s payout ratio is currently 62.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ATLO. Clarity Asset Management Inc. grew its holdings in shares of Ames National by 162.7% during the fourth quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider’s stock valued at $80,000 after buying an additional 3,021 shares during the last quarter. Wells Fargo & Company MN lifted its position in Ames National by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 1,124 shares during the period. BNP Paribas Financial Markets grew its stake in Ames National by 270.0% during the 4th quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 5,205 shares during the last quarter. Stockman Wealth Management Inc. acquired a new position in shares of Ames National in the first quarter valued at about $188,000. Finally, Bank of America Corp DE raised its stake in shares of Ames National by 30.7% in the fourth quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 2,679 shares during the last quarter. Institutional investors and hedge funds own 26.47% of the company’s stock.

Ames National Company Profile

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