Ames National Corporation (NASDAQ:ATLO) Announces $0.24 Quarterly Dividend

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 1st will be paid a dividend of 0.24 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st.

Ames National has decreased its dividend payment by an average of 0.0%per year over the last three years.

Ames National Price Performance

Shares of Ames National stock opened at $28.74 on Friday. The firm has a market cap of $254.55 million, a P/E ratio of 11.88 and a beta of 0.30. The firm has a 50 day simple moving average of $28.28 and a 200 day simple moving average of $25.78. Ames National has a fifty-two week low of $16.94 and a fifty-two week high of $29.71.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings results on Friday, April 24th. The financial services provider reported $0.67 earnings per share for the quarter. The business had revenue of $18.22 million during the quarter. Ames National had a net margin of 21.63% and a return on equity of 10.65%. On average, sell-side analysts expect that Ames National will post 2.7 EPS for the current year.

Hedge Funds Weigh In On Ames National

Several hedge funds have recently added to or reduced their stakes in ATLO. Russell Investments Group Ltd. boosted its holdings in Ames National by 67.6% in the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 556 shares during the last quarter. Royal Bank of Canada boosted its holdings in Ames National by 210.2% in the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,049 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Ames National by 148.3% in the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,299 shares during the last quarter. Deutsche Bank AG lifted its stake in Ames National by 42.3% in the fourth quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,886 shares during the period. Finally, First Trust Advisors LP acquired a new position in Ames National in the second quarter valued at about $187,000. Institutional investors own 26.47% of the company’s stock.

About Ames National

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.