Geode Capital Management LLC Raises Stock Position in Ames National Co. (NASDAQ:ATLO)

Geode Capital Management LLC increased its position in shares of Ames National Co. (NASDAQ:ATLO) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,642 shares of the financial services provider’s stock after buying an additional 4,843 shares during the period. Geode Capital Management LLC owned about 2.28% of Ames National worth $3,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Choreo LLC bought a new stake in shares of Ames National in the 2nd quarter valued at about $807,000. Barclays PLC lifted its holdings in Ames National by 299.1% during the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock worth $208,000 after buying an additional 8,557 shares during the period. Bank of New York Mellon Corp boosted its position in Ames National by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 1,737 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Ames National by 0.9% in the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock valued at $2,252,000 after acquiring an additional 1,069 shares during the period. 26.47% of the stock is currently owned by institutional investors.

Ames National Price Performance

Shares of NASDAQ ATLO opened at $16.45 on Tuesday. Ames National Co. has a 1-year low of $15.69 and a 1-year high of $22.41. The business has a fifty day moving average price of $17.07 and a 200 day moving average price of $18.27. The stock has a market capitalization of $147.92 million, a P/E ratio of 16.62 and a beta of 0.56.

Ames National Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, January 31st. Ames National’s dividend payout ratio is currently 80.81%.

Ames National 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.