Separately, ValuEngine lowered Ames National from a hold rating to a sell rating in a report on Tuesday, July 2nd.
Shares of Ames National stock traded up $0.14 during trading on Thursday, hitting $27.50. The stock had a trading volume of 7,520 shares, compared to its average volume of 8,634. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $254.17 million, a P/E ratio of 14.50 and a beta of 0.59. The business has a fifty day moving average of $27.74 and a two-hundred day moving average of $27.12. Ames National has a fifty-two week low of $24.47 and a fifty-two week high of $29.46.
In other news, CFO John L. Pierschbacher acquired 1,250 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $26.25 per share, for a total transaction of $32,812.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders bought 2,365 shares of company stock valued at $62,086. Insiders own 4.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ames National by 0.8% in the second quarter. Vanguard Group Inc. now owns 142,814 shares of the financial services provider’s stock valued at $3,870,000 after buying an additional 1,088 shares during the period. BlackRock Inc. raised its position in shares of Ames National by 1.0% during the second quarter. BlackRock Inc. now owns 571,383 shares of the financial services provider’s stock worth $15,486,000 after purchasing an additional 5,531 shares during the period. US Bancorp DE raised its position in shares of Ames National by 3.0% during the second quarter. US Bancorp DE now owns 14,533 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 418 shares during the period. Northern Trust Corp raised its position in shares of Ames National by 3.2% during the second quarter. Northern Trust Corp now owns 106,841 shares of the financial services provider’s stock worth $2,896,000 after purchasing an additional 3,316 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Ames National by 5.9% during the second quarter. Renaissance Technologies LLC now owns 115,021 shares of the financial services provider’s stock worth $3,117,000 after purchasing an additional 6,421 shares during the period. Institutional investors and hedge funds own 23.81% of the company’s stock.
About Ames National
Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking, savings, and accounts; and time deposits of various types, including money market accounts and certificates of deposit.
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