Ames National Co. (NASDAQ:ATLO) Raises Dividend to $0.27 Per Share

Ames National Co. (NASDAQ:ATLOGet Rating) announced a quarterly dividend on Wednesday, February 9th, Zacks reports. Stockholders of record on Friday, April 29th will be paid a dividend of 0.27 per share by the financial services provider on Friday, May 13th. This represents a $1.08 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Thursday, April 28th. This is a positive change from Ames National’s previous quarterly dividend of $0.26.

Shares of ATLO opened at $24.00 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $218.21 million, a price-to-earnings ratio of 9.20 and a beta of 0.71. The stock has a 50 day moving average of $24.30 and a 200 day moving average of $24.36. Ames National has a 12 month low of $22.80 and a 12 month high of $26.13.

Separately, StockNews.com raised Ames National from a “hold” rating to a “buy” rating in a research report on Wednesday, April 20th.

A number of hedge funds and other institutional investors have recently made changes to their positions in ATLO. Morgan Stanley boosted its holdings in shares of Ames National by 232.3% in the second quarter. Morgan Stanley now owns 21,579 shares of the financial services provider’s stock worth $530,000 after acquiring an additional 15,085 shares during the period. Citadel Advisors LLC bought a new position in shares of Ames National in the second quarter worth $273,000. LPL Financial LLC boosted its holdings in shares of Ames National by 7.2% in the third quarter. LPL Financial LLC now owns 22,790 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 1,523 shares during the period. Two Sigma Investments LP bought a new position in shares of Ames National in the third quarter worth $371,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Ames National by 27.3% in the third quarter. Bank of New York Mellon Corp now owns 41,050 shares of the financial services provider’s stock worth $951,000 after acquiring an additional 8,807 shares during the period. 22.39% of the stock is owned by institutional investors and hedge funds.

Ames National Company Profile (Get Rating)

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.

Further Reading

Dividend History for Ames National (NASDAQ:ATLO)

Receive News & Ratings for Ames National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ames National and related companies with MarketBeat.com's FREE daily email newsletter.