State Street Corp Increases Stock Position in Ames National Co. (NASDAQ:ATLO)

State Street Corp boosted its stake in Ames National Co. (NASDAQ:ATLO) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,550 shares of the financial services provider’s stock after purchasing an additional 1,069 shares during the quarter. State Street Corp owned approximately 1.37% of Ames National worth $2,252,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Bank of New York Mellon Corp lifted its position in Ames National by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after purchasing an additional 1,737 shares during the last quarter. 26.47% of the stock is currently owned by hedge funds and other institutional investors.

Ames National Price Performance

NASDAQ ATLO opened at $16.43 on Thursday. The stock has a market capitalization of $147.74 million, a PE ratio of 16.60 and a beta of 0.56. Ames National Co. has a 1 year low of $15.69 and a 1 year high of $22.41. The business’s 50-day moving average is $17.12 and its 200 day moving average is $18.36.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Friday, January 31st. Ames National’s dividend payout ratio (DPR) is presently 80.81%.

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.