Ames National Co. (NASDAQ:ATLO) Short Interest Down 14.5% in June

Ames National Co. (NASDAQ:ATLO) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 51,500 shares, a decline of 14.5% from the May 31st total of 60,200 shares. Based on an average trading volume of 11,000 shares, the short-interest ratio is presently 4.7 days. Approximately 0.6% of the shares of the stock are short sold.

Ames National Stock Performance

ATLO stock opened at $20.49 on Monday. Ames National has a one year low of $15.01 and a one year high of $22.50. The company has a market capitalization of $184.21 million, a PE ratio of 18.46 and a beta of 0.57. The company’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $19.98.

Ames National (NASDAQ:ATLO) last issued its earnings results on Friday, April 19th. The financial services provider reported $0.26 EPS for the quarter. Ames National had a net margin of 11.49% and a return on equity of 6.27%. The company had revenue of $9.21 million for the quarter.

Ames National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Wednesday, July 31st. Ames National’s dividend payout ratio is presently 97.30%.

Hedge Funds Weigh In On Ames National

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Ames National in the fourth quarter worth approximately $100,000. CWM LLC increased its position in shares of Ames National by 2,044.0% in the fourth quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,533 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Ames National by 75.7% during the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Ames National by 0.6% during the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after purchasing an additional 2,965 shares during the period. 26.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATLO has been the topic of a number of research analyst reports. TheStreet cut Ames National from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th. StockNews.com upgraded Ames National from a “sell” rating to a “hold” rating in a research report on Thursday.

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.