Royce & Associates LP Has $2.31 Million Position in Ames National Co. (NASDAQ:ATLO)

Royce & Associates LP lowered its position in Ames National Co. (NASDAQ:ATLOGet Rating) by 16.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,030 shares of the financial services provider’s stock after selling 18,900 shares during the period. Royce & Associates LP owned 1.02% of Ames National worth $2,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ATLO. City State Bank acquired a new position in Ames National during the fourth quarter valued at approximately $36,000. Acadian Asset Management LLC acquired a new position in Ames National during the fourth quarter valued at approximately $124,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Ames National by 10.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,096 shares of the financial services provider’s stock valued at $394,000 after purchasing an additional 1,488 shares during the last quarter. Carl P. Sherr & Co. LLC grew its holdings in Ames National by 2.9% during the first quarter. Carl P. Sherr & Co. LLC now owns 39,106 shares of the financial services provider’s stock valued at $972,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Ames National by 0.5% during the fourth quarter. Renaissance Technologies LLC now owns 133,084 shares of the financial services provider’s stock valued at $3,259,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 21.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ames National from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th.

Ames National Trading Down 0.2 %

Shares of Ames National stock opened at $22.14 on Friday. The company’s fifty day simple moving average is $22.39 and its 200-day simple moving average is $23.48. The company has a market cap of $201.25 million, a price-to-earnings ratio of 8.50 and a beta of 0.65. Ames National Co. has a 1 year low of $21.81 and a 1 year high of $25.55.

Ames National (NASDAQ:ATLOGet Rating) last announced its quarterly earnings data on Friday, May 6th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $15.71 million for the quarter. Ames National had a net margin of 32.84% and a return on equity of 11.45%.

Ames National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.08 annualized dividend and a dividend yield of 4.88%.

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.

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Institutional Ownership by Quarter for Ames National (NASDAQ:ATLO)

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