JPMorgan Chase & Co. Buys 7,650 Shares of Ames National Co. (NASDAQ:ATLO)

JPMorgan Chase & Co. grew its stake in shares of Ames National Co. (NASDAQ:ATLO) by 114.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,327 shares of the financial services provider’s stock after buying an additional 7,650 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Ames National worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ATLO. State Street Corp boosted its stake in Ames National by 0.9% during the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock worth $2,252,000 after acquiring an additional 1,069 shares during the last quarter. Barclays PLC boosted its position in shares of 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 purchasing an additional 8,557 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ames National by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock valued at $3,731,000 after buying an additional 4,843 shares during the period. 26.47% of the stock is currently owned by institutional investors and hedge funds.

Ames National Trading Down 1.2 %

Shares of Ames National stock opened at $18.13 on Friday. The stock’s fifty day simple moving average is $16.99 and its 200 day simple moving average is $17.96. The company has a market capitalization of $162.99 million, a PE ratio of 15.90 and a beta of 0.56. Ames National Co. has a 12 month low of $15.69 and a 12 month high of $22.19.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Ames National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 annualized dividend and a yield of 4.41%. Ames National’s dividend payout ratio (DPR) is currently 70.18%.

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.