Ames National (NASDAQ:ATLO) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, March 6th.
Shares of Ames National (NASDAQ ATLO) opened at $28.85 on Tuesday. The company has a market cap of $259.77, a P/E ratio of 17.44 and a beta of 0.73. Ames National has a twelve month low of $26.00 and a twelve month high of $32.15.
In other Ames National news, insider Curtis A. Hoff acquired 1,000 shares of the stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $27.60 per share, for a total transaction of $27,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.94% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Ames National by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 3,365 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 34 shares during the period. Wells Fargo & Company MN increased its stake in Ames National by 3.0% in the 2nd quarter. Wells Fargo & Company MN now owns 5,608 shares of the financial services provider’s stock worth $172,000 after buying an additional 161 shares during the period. Voya Investment Management LLC increased its stake in Ames National by 11.5% in the 2nd quarter. Voya Investment Management LLC now owns 7,323 shares of the financial services provider’s stock worth $224,000 after buying an additional 756 shares during the period. Teachers Advisors LLC increased its stake in Ames National by 7.4% in the 2nd quarter. Teachers Advisors LLC now owns 14,028 shares of the financial services provider’s stock worth $429,000 after buying an additional 970 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in Ames National in the 4th quarter worth about $129,000. 23.68% of the stock is currently owned by institutional investors and hedge funds.
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Ames National Company Profile
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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