Bank of New York Mellon Corp Sells 1,709 Shares of Ames National Co. (NASDAQ:ATLO)

Bank of New York Mellon Corp lessened its stake in Ames National Co. (NASDAQ:ATLO) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,442 shares of the financial services provider’s stock after selling 1,709 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.32% of Ames National worth $467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in 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 worth $3,731,000 after purchasing an additional 4,843 shares in the last quarter. State Street Corp increased its holdings in shares of Ames National by 0.9% in the third quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock worth $2,252,000 after purchasing an additional 1,069 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ames National by 114.6% in the third quarter. JPMorgan Chase & Co. now owns 14,327 shares of the financial services provider’s stock worth $261,000 after buying an additional 7,650 shares in the last quarter. Finally, Barclays PLC boosted its stake in Ames National by 299.1% during the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock valued at $208,000 after buying an additional 8,557 shares during the last quarter. Institutional investors own 26.47% of the company’s stock.

Ames National Price Performance

NASDAQ:ATLO opened at $17.80 on Friday. The company has a market cap of $158.70 million, a price-to-earnings ratio of 15.61 and a beta of 0.57. Ames National Co. has a 1 year low of $15.69 and a 1 year high of $22.03. The stock’s 50 day simple moving average is $18.13 and its two-hundred day simple moving average is $17.65.

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

Ames National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, May 30th. Ames National’s dividend payout ratio (DPR) is presently 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.