Ames National (NASDAQ:ATLO) Downgraded by BidaskClub to “Hold”

Share on StockTwits

BidaskClub cut shares of Ames National (NASDAQ:ATLO) from a buy rating to a hold rating in a report issued on Thursday, BidAskClub reports.

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.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.50 earnings per share for the quarter. The business had revenue of $13.14 million during the quarter. Ames National had a return on equity of 9.97% and a net margin of 28.50%.

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.

Further Reading: What is a stock buyback?

Receive News & Ratings for Ames National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ames National and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

FY2019 Earnings Forecast for Calithera Biosciences Inc  Issued By William Blair
FY2019 Earnings Forecast for Calithera Biosciences Inc Issued By William Blair
Barclays  Hits New 12-Month High at $173.39
Barclays Hits New 12-Month High at $173.39
Jefferies Financial Group Research Analysts Cut Earnings Estimates for Quaker Chemical Corp
Jefferies Financial Group Research Analysts Cut Earnings Estimates for Quaker Chemical Corp
Contrasting electroCore  and SONOVA HLDG AG/ADR
Contrasting electroCore and SONOVA HLDG AG/ADR
William Blair Analysts Increase Earnings Estimates for Datadog
William Blair Analysts Increase Earnings Estimates for Datadog
Talanx  Hits New 52-Week High at $43.52
Talanx Hits New 52-Week High at $43.52


© 2006-2019 Ticker Report