Ames National (NASDAQ:ATLO) Director Purchases $10,127.00 in Stock

Ames National Corporation (NASDAQ:ATLO) Director Douglas Beals purchased 325 shares of Ames National stock in a transaction dated Thursday, August 20th. The shares were purchased at an average cost of $31.16 per share, with a total value of $10,127.00. Following the acquisition, the director owned 3,275 shares of the company’s stock, valued at approximately $102,049. This trade represents a 11.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ames National Trading Down 0.8%

ATLO traded down $0.25 on Friday, reaching $31.48. The company had a trading volume of 20,367 shares, compared to its average volume of 54,595. Ames National Corporation has a one year low of $19.18 and a one year high of $32.30. The company has a market capitalization of $278.82 million, a P/E ratio of 12.20 and a beta of 0.30. The company has a fifty day moving average of $30.30 and a 200-day moving average of $28.83.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.67 earnings per share for the quarter. Ames National had a net margin of 22.64% and a return on equity of 11.08%. The company had revenue of $19.08 million during the quarter. Research analysts predict that Ames National Corporation will post 2.72 EPS for the current year.

Ames National Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Ames National’s dividend payout ratio is presently 37.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ATLO. Bridgeway Capital Management LLC increased its position in shares of Ames National by 3.6% during the second quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider’s stock worth $272,000 after buying an additional 536 shares during the period. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 556 shares during the period. Empowered Funds LLC lifted its position in shares of Ames National by 6.4% during the fourth quarter. Empowered Funds LLC now owns 10,639 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 642 shares in the last quarter. Royal Bank of Canada lifted its stake in Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,049 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Ames National by 148.3% during the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 26.47% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ames National in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.00.

Ames National Company Profile

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.