StockNews.com Begins Coverage on Ames National (NASDAQ:ATLO)

Stock analysts at StockNews.com initiated coverage on shares of Ames National (NASDAQ:ATLO – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Ames National Trading Down 1.5 %

ATLO stock opened at $21.07 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.26. Ames National has a 12-month low of $20.16 and a 12-month high of $25.35. The stock has a market cap of $189.42 million, a price-to-earnings ratio of 10.00 and a beta of 0.54. The business’s 50-day moving average is $23.94 and its 200 day moving average is $23.06.

Ames National (NASDAQ:ATLO – Get Rating) last posted its quarterly earnings data on Friday, January 20th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter. Ames National had a return on equity of 12.44% and a net margin of 27.08%. The company had revenue of $15.26 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its stake in Ames National by 256.7% in the 1st quarter. UBS Group AG now owns 1,070 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 770 shares in the last quarter. Man Group plc purchased a new stake in shares of Ames National during the 4th quarter valued at approximately $229,000. Royal Bank of Canada raised its position in shares of Ames National by 6.8% during the 3rd quarter. Royal Bank of Canada now owns 12,600 shares of the financial services provider’s stock valued at $280,000 after buying an additional 800 shares during the period. Acadian Asset Management LLC raised its position in shares of Ames National by 152.8% during the 1st quarter. Acadian Asset Management LLC now owns 12,888 shares of the financial services provider’s stock valued at $318,000 after buying an additional 7,790 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of Ames National during the 4th quarter valued at approximately $516,000. 21.20% of the stock is owned by hedge funds and other institutional investors.

About Ames National

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Ames National Corp. is a bank holding company, which engages in the provision of banking services through its subsidiaries. Its activities include personal, business, agricultural and commercial lending, management of the investment securities portfolio, deposit account services, and wealth management services.