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

Ames National Co. (NASDAQ:ATLOGet Rating) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 59,800 shares, an increase of 12.0% from the August 15th total of 53,400 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 14,300 shares, the short-interest ratio is presently 4.2 days.

Institutional Investors Weigh In On Ames National

Hedge funds have recently modified their holdings of the business. UBS Group AG grew its position in shares of Ames National by 256.7% during the 1st quarter. UBS Group AG now owns 1,070 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 770 shares during the period. City State Bank bought a new stake in shares of Ames National during the 4th quarter valued at $36,000. Acadian Asset Management LLC bought a new stake in shares of Ames National during the 4th quarter valued at $124,000. State Street Corp grew its position in shares of Ames National by 4.5% during the 1st quarter. State Street Corp now owns 31,312 shares of the financial services provider’s stock valued at $778,000 after acquiring an additional 1,358 shares during the period. Finally, Carl P. Sherr & Co. LLC grew its position in shares of Ames National by 2.9% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 39,106 shares of the financial services provider’s stock valued at $972,000 after acquiring an additional 1,106 shares during the period. Institutional investors own 19.82% of the company’s stock.

Ames National Price Performance

Shares of ATLO opened at $22.26 on Wednesday. Ames National has a 1-year low of $20.16 and a 1-year high of $25.55. The firm has a fifty day simple moving average of $22.13 and a two-hundred day simple moving average of $22.98. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The firm has a market cap of $200.16 million, a PE ratio of 9.47 and a beta of 0.64.

Ames National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Monday, October 31st. Ames National’s payout ratio is 45.96%.

About Ames National

(Get Rating)

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 a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.

Further Reading

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