Ames National (NASDAQ:ATLO) Stock Crosses Below 50 Day Moving Average of $27.70

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Ames National Co. (NASDAQ:ATLO) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $27.70 and traded as low as $27.40. Ames National shares last traded at $27.41, with a volume of 658 shares traded.

Several equities research analysts have weighed in on the company. ValuEngine raised Ames National from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. BidaskClub cut Ames National from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th.

The company has a 50 day simple moving average of $27.70 and a two-hundred day simple moving average of $27.21. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $255.76 million, a P/E ratio of 14.99 and a beta of 0.58.

Hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. bought a new stake in Ames National during the third quarter worth approximately $230,000. Rhumbline Advisers grew its stake in shares of Ames National by 8.9% during the third quarter. Rhumbline Advisers now owns 13,888 shares of the financial services provider’s stock valued at $397,000 after buying an additional 1,132 shares during the last quarter. US Bancorp DE grew its stake 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 valued at $394,000 after buying an additional 418 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ames National by 7.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 20,803 shares of the financial services provider’s stock valued at $564,000 after buying an additional 1,474 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Ames National by 3.3% during the third quarter. California Public Employees Retirement System now owns 25,339 shares of the financial services provider’s stock valued at $725,000 after buying an additional 801 shares during the last quarter. 24.79% of the stock is currently owned by institutional investors.

About Ames National (NASDAQ:ATLO)

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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