Short Interest in Ames National Co. (NASDAQ:ATLO) Drops By 9.5%

Ames National Co. (NASDAQ:ATLO) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 52,400 shares, a decline of 9.5% from the December 15th total of 57,900 shares. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 5.2 days. Currently, 0.6% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATLO. Russell Investments Group Ltd. acquired a new position in shares of Ames National in the 3rd quarter valued at approximately $230,000. US Bancorp DE boosted its holdings in Ames National by 3.0% in 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 in the last quarter. Rhumbline Advisers boosted its holdings in Ames National by 8.9% in the third quarter. Rhumbline Advisers now owns 13,888 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 1,132 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ames National by 7.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 20,803 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,474 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Ames National by 3.3% in the third quarter. California Public Employees Retirement System now owns 25,339 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 801 shares in the last quarter. 24.79% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. BidaskClub raised shares of Ames National from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine raised shares of Ames National from a “sell” rating to a “hold” rating in a report on Saturday, October 19th.

NASDAQ ATLO traded up $0.05 during trading on Thursday, reaching $27.28. The company’s stock had a trading volume of 4 shares, compared to its average volume of 14,068. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $251.06 million, a price-to-earnings ratio of 14.70 and a beta of 0.59. Ames National has a 12 month low of $24.47 and a 12 month high of $29.46. The firm has a 50 day moving average price of $27.72 and a 200 day moving average price of $27.43.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $12.93 million during the quarter. Ames National had a net margin of 27.36% and a return on equity of 9.50%.

Ames National Company Profile

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.

Read More: How big is the FinTech market?

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit