Ames National Co. (NASDAQ:ATLO – Get Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.03 and traded as low as $22.47. Ames National shares last traded at $22.62, with a volume of 22,336 shares traded.
Separately, StockNews.com lowered Ames National from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th.
The business has a 50-day moving average price of $23.31 and a two-hundred day moving average price of $24.03. The firm has a market cap of $205.66 million, a PE ratio of 8.73 and a beta of 0.70.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Friday, July 29th.
A number of large investors have recently bought and sold shares of ATLO. UBS Group AG increased its holdings in Ames National by 256.7% in the first quarter. UBS Group AG now owns 1,070 shares of the financial services provider’s stock valued at $26,000 after buying an additional 770 shares during the last quarter. City State Bank purchased a new position in Ames National in the fourth quarter valued at $36,000. Acadian Asset Management LLC purchased a new position in Ames National in the fourth quarter valued at $124,000. Citadel Advisors LLC acquired a new position in Ames National in the second quarter valued at $273,000. Finally, Two Sigma Investments LP acquired a new position in Ames National in the third quarter valued at $371,000. 21.53% of the stock is currently owned by hedge funds and other institutional investors.
About Ames National (NASDAQ:ATLO)
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.
- Get a free copy of the StockNews.com research report on Ames National (ATLO)
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