Ames National Co. (NASDAQ:ATLO) Short Interest Update

Ames National Co. (NASDAQ:ATLOGet Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 98,600 shares, a growth of 37.7% from the May 15th total of 71,600 shares. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is presently 7.8 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG bought a new position in Ames National in the fourth quarter worth $244,000. Millennium Management LLC bought a new position in Ames National in the fourth quarter worth $276,000. Arrowstreet Capital Limited Partnership lifted its position in Ames National by 38.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,251 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 18,556 shares during the period. Wealthfront Advisers LLC bought a new position in Ames National in the fourth quarter worth $1,875,000. Finally, BNP Paribas Financial Markets lifted its position in Ames National by 270.0% in the fourth quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 5,205 shares during the period. 26.47% of the stock is owned by institutional investors.

Ames National Trading Down 1.9%

ATLO opened at $17.50 on Tuesday. Ames National has a 1-year low of $15.69 and a 1-year high of $22.03. The stock has a market capitalization of $156.03 million, a price-to-earnings ratio of 15.35 and a beta of 0.48. The business has a 50 day moving average of $17.40 and a 200-day moving average of $17.48.

Ames National (NASDAQ:ATLOGet Free Report) last issued its earnings results on Thursday, April 17th. The financial services provider reported $0.39 EPS for the quarter. The firm had revenue of $15.46 million during the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Ames National Company Profile

(Get Free Report)

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.

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