Ames National (NASDAQ:ATLO) Shares Pass Below Two Hundred Day Moving Average of $19.03

Shares of Ames National Co. (NASDAQ:ATLO) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.03 and traded as low as $18.93. Ames National shares last traded at $18.96, with a volume of 6,975 shares trading hands.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of Ames National from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

Ames National Trading Down 0.3 %

The stock’s fifty day simple moving average is $19.19 and its 200 day simple moving average is $19.03. The company has a market cap of $170.45 million, a price-to-earnings ratio of 15.67 and a beta of 0.58.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings results on Friday, January 19th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $13.25 million during the quarter. Ames National had a net margin of 12.95% and a return on equity of 6.90%.

Ames National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.70%. Ames National’s dividend payout ratio is currently 89.26%.

Institutional Trading of Ames National

A number of hedge funds and other institutional investors have recently made changes to their positions in ATLO. UBS Group AG boosted 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 worth $26,000 after purchasing an additional 770 shares during the period. CWM LLC boosted its position in shares of Ames National by 2,044.0% during the 4th quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,533 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Ames National by 263.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,150 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,559 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Ames National during the 4th quarter worth approximately $38,000. Finally, California State Teachers Retirement System purchased a new position in shares of Ames National during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 26.47% of the company’s stock.

Ames National Company Profile

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