Ames National Co. (NASDAQ:ATLO) Short Interest Down 14.5% in June

Ames National Co. (NASDAQ:ATLO) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 51,500 shares, a drop of 14.5% from the May 31st total of 60,200 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Ames National

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Ames National during the fourth quarter worth about $100,000. Vanguard Group Inc. lifted its stake in Ames National by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after purchasing an additional 2,965 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Ames National by 75.7% in the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,832 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Ames National by 2,044.0% during the fourth quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,533 shares during the last quarter. Institutional investors and hedge funds own 26.47% of the company’s stock.

Ames National Stock Performance

Shares of NASDAQ ATLO traded up $0.95 during mid-day trading on Friday, reaching $20.49. The company had a trading volume of 86,774 shares, compared to its average volume of 10,111. The firm has a market cap of $184.21 million, a price-to-earnings ratio of 18.46 and a beta of 0.57. The business’s 50-day simple moving average is $20.20 and its 200 day simple moving average is $19.99. Ames National has a one year low of $15.01 and a one year high of $22.50.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings results on Friday, April 19th. The financial services provider reported $0.26 earnings per share for the quarter. The company had revenue of $9.21 million during the quarter. Ames National had a net margin of 11.49% and a return on equity of 6.27%.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Wednesday, July 31st. Ames National’s dividend payout ratio is presently 97.30%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TheStreet lowered shares of Ames National from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th. StockNews.com raised Ames National from a “sell” rating to a “hold” rating in a research report on Thursday.

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.