Ames National (NASDAQ:ATLO) Releases Quarterly Earnings Results

Ames National (NASDAQ:ATLO) issued its quarterly earnings results on Friday. The financial services provider reported $0.39 EPS for the quarter, Zacks reports. Ames National had a return on equity of 5.19% and a net margin of 9.75%.

Ames National Trading Up 0.9 %

Shares of NASDAQ ATLO traded up $0.17 during mid-day trading on Friday, hitting $17.81. The company had a trading volume of 19,927 shares, compared to its average volume of 20,707. The firm has a 50-day simple moving average of $16.94 and a two-hundred day simple moving average of $18.04. The company has a market capitalization of $160.07 million, a PE ratio of 17.98 and a beta of 0.56. Ames National has a one year low of $15.69 and a one year high of $22.41.

Ames National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Friday, January 31st. Ames National’s dividend payout ratio (DPR) is currently 80.81%.

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.