Ames National (NASDAQ:ATLO) Stock Price Passes Below 200 Day Moving Average of $19.03

Shares of Ames National Co. (NASDAQ:ATLO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.03 and traded as low as $18.93. Ames National shares last traded at $18.96, with a volume of 6,975 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Ames National from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Ames National Stock Up 0.3 %

The company has a market cap of $171.35 million, a P/E ratio of 15.75 and a beta of 0.58. The stock’s 50-day moving average price is $19.22 and its 200 day moving average price is $19.03.

Ames National (NASDAQ:ATLO) last released its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.24 EPS for the quarter. Ames National had a net margin of 12.95% and a return on equity of 6.90%. The company had revenue of $13.25 million for the quarter.

Ames National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Tuesday, April 30th. Ames National’s dividend payout ratio (DPR) is currently 89.26%.

Hedge Funds Weigh In On Ames National

A number of institutional investors and hedge funds have recently bought and sold shares of ATLO. Acadian Asset Management LLC increased its position in Ames National by 152.8% during the first quarter. Acadian Asset Management LLC now owns 12,888 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 7,790 shares during the period. Dimensional Fund Advisors LP increased its position in Ames National by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 192,291 shares of the financial services provider’s stock worth $4,780,000 after acquiring an additional 14,305 shares during the period. Vanguard Group Inc. increased its position in Ames National by 6.6% during the first quarter. Vanguard Group Inc. now owns 399,971 shares of the financial services provider’s stock worth $9,943,000 after acquiring an additional 24,918 shares during the period. UBS Group AG increased its position in Ames National by 256.7% during the first quarter. UBS Group AG now owns 1,070 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 770 shares during the period. Finally, State Street Corp increased its position in Ames National by 4.5% during the first quarter. State Street Corp now owns 31,312 shares of the financial services provider’s stock worth $778,000 after acquiring an additional 1,358 shares during the period. Institutional investors own 26.47% of the company’s stock.

About Ames National

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.