Ames National (NASDAQ:ATLO) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Ames National Co. (NASDAQ:ATLO) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.44 and traded as low as $17.28. Ames National shares last traded at $17.28, with a volume of 8,528 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ames National from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th.

Ames National Price Performance

The company has a market cap of $155.35 million, a price-to-earnings ratio of 15.57 and a beta of 0.55. The firm has a 50 day simple moving average of $18.22 and a 200-day simple moving average of $19.44.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $13.49 million for the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%.

Ames National Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. Ames National’s dividend payout ratio is presently 72.07%.

Hedge Funds Weigh In On Ames National

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Ames National by 75.7% in the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,832 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock worth $763,000 after acquiring an additional 1,737 shares during the period. Choreo LLC acquired a new stake in shares of Ames National in the second quarter valued at $807,000. Finally, Vanguard Group Inc. boosted its holdings in Ames National by 0.6% in the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after purchasing an additional 2,965 shares during the period. 26.47% of the stock is currently owned by hedge funds and other institutional investors.

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.