Alliancebernstein L.P. grew its holdings in shares of Ames National Corporation (NASDAQ:ATLO) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,610 shares of the financial services provider’s stock after purchasing an additional 400 shares during the quarter. Alliancebernstein L.P. owned approximately 0.17% of Ames National Corporation worth $478,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in shares of Ames National Corporation by 3.0% during the 2nd quarter. Wells Fargo & Company MN now owns 5,608 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 161 shares during the last quarter. John W. Rosenthal Capital Management Inc. purchased a new stake in shares of Ames National Corporation during the 2nd quarter valued at $621,000. Bank of New York Mellon Corp increased its position in shares of Ames National Corporation by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,211 shares of the financial services provider’s stock valued at $1,078,000 after purchasing an additional 529 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its holdings in Ames National Corporation by 50.2% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 41,095 shares of the financial services provider’s stock worth $1,258,000 after acquiring an additional 13,739 shares during the last quarter. 24.06% of the stock is owned by hedge funds and other institutional investors.
Shares of Ames National Corporation (NASDAQ:ATLO) opened at $29.50 on Monday. Ames National Corporation has a twelve month low of $26.60 and a twelve month high of $37.45. The firm has a market capitalization of $274.67, a PE ratio of 18.44 and a beta of 0.68. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.08.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, October 31st. Ames National Corporation’s dividend payout ratio (DPR) is currently 55.00%.
Separately, BidaskClub lowered Ames National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th.
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About Ames National Corporation
Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.
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