Ames National Co. (NASDAQ:ATLO – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Analysis on ATLO
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.
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