Ames National Co. (NASDAQ:ATLO) Short Interest Down 31.5% in November

Ames National Co. (NASDAQ:ATLO) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 47,400 shares, a decrease of 31.5% from the October 31st total of 69,200 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 2.9 days.

Hedge Funds Weigh In On Ames National

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Ames National by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after acquiring an additional 2,965 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 1,737 shares in the last quarter. Choreo LLC bought a new stake in Ames National during the second quarter worth about $807,000. Barclays PLC increased its position in shares of Ames National by 299.1% during the 3rd quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 8,557 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ames National by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock valued at $3,731,000 after purchasing an additional 4,843 shares during the last quarter. Institutional investors own 26.47% of the company’s stock.

Ames National Stock Performance

Shares of ATLO traded up $0.09 during trading hours on Friday, reaching $16.99. 15,721 shares of the company’s stock traded hands, compared to its average volume of 14,664. Ames National has a 12 month low of $15.69 and a 12 month high of $22.50. The firm’s 50 day simple moving average is $17.65 and its 200-day simple moving average is $18.97.

Ames National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date is Friday, January 31st. This represents a $0.80 annualized dividend and a yield of 4.71%. Ames National’s payout ratio is presently 74.77%.

Ames National Company Profile

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.