Nuveen LLC Acquires Shares of 14,588 Ames National Corporation $ATLO

Nuveen LLC purchased a new position in Ames National Corporation (NASDAQ:ATLO) in the 1st quarter, HoldingsChannel reports. The fund purchased 14,588 shares of the financial services provider’s stock, valued at approximately $256,000.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Ames National by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 243,423 shares of the financial services provider’s stock worth $3,999,000 after purchasing an additional 10,182 shares during the last quarter. Northern Trust Corp raised its position in shares of Ames National by 3.1% in the 4th quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider’s stock worth $1,248,000 after purchasing an additional 2,273 shares during the last quarter. Ames National Corp raised its position in shares of Ames National by 73.5% in the 1st quarter. Ames National Corp now owns 42,497 shares of the financial services provider’s stock worth $745,000 after purchasing an additional 17,998 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of Ames National by 19.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 30,976 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 5,150 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Ames National by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,759 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 1,629 shares during the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Price Performance

ATLO opened at $20.16 on Friday. The stock has a 50-day moving average price of $18.80 and a 200-day moving average price of $18.02. The firm has a market cap of $179.42 million, a PE ratio of 13.09 and a beta of 0.49. Ames National Corporation has a 1 year low of $15.69 and a 1 year high of $20.23.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings results on Friday, August 8th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $16.11 million during the quarter. Ames National had a return on equity of 7.46% and a net margin of 14.44%.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a yield of 4.0%. Ames National’s payout ratio is 51.95%.

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.