Ames National (NASDAQ:ATLO) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Ames National Co. (NASDAQ:ATLO)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.33 and traded as low as $16.90. Ames National shares last traded at $17.10, with a volume of 18,065 shares.

Ames National Trading Down 0.7 %

The company has a market cap of $153.73 million, a P/E ratio of 15.41 and a beta of 0.55. The firm has a 50 day moving average of $18.05 and a 200-day moving average of $19.33.

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 business had revenue of $13.49 million for the quarter. Ames National had a return on equity of 5.92% and a net margin of 10.77%.

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 paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.80 annualized dividend and a yield of 4.68%. Ames National’s dividend payout ratio (DPR) is currently 72.07%.

Institutional Trading of Ames National

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 worth $9,886,000 after buying an additional 2,965 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Ames National by 4.9% in the 2nd 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 in the last quarter. Choreo LLC purchased a new stake in shares of Ames National during the 2nd quarter worth $807,000. Finally, BNP Paribas Financial Markets boosted its position in 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 purchasing an additional 1,832 shares in the last quarter. 26.47% of the stock is currently owned by 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.