Ames National Corporation Declares Quarterly Dividend of $0.24 (NASDAQ:ATLO)

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.24 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

Ames National has decreased its dividend payment by an average of 0.0%per year over the last three years.

Ames National Price Performance

Ames National stock traded down $0.18 during midday trading on Friday, hitting $31.60. 18,040 shares of the company were exchanged, compared to its average volume of 55,163. The company has a market cap of $279.98 million, a PE ratio of 12.25 and a beta of 0.30. Ames National has a fifty-two week low of $18.93 and a fifty-two week high of $32.23. The company’s fifty day moving average price is $30.13 and its 200-day moving average price is $28.61.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $19.08 million during the quarter. Ames National had a net margin of 22.64% and a return on equity of 11.18%. On average, analysts expect that Ames National will post 2.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Ames National

A number of hedge funds have recently bought and sold shares of ATLO. Russell Investments Group Ltd. increased its holdings in Ames National by 67.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 556 shares during the last quarter. Royal Bank of Canada raised its position in shares of Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,049 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Ames National by 148.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,299 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Ames National by 42.3% during the 4th quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,886 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Ames National during the second quarter worth approximately $187,000. Institutional investors and hedge funds own 26.47% of the company’s stock.

About Ames National

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.