Ames National (NASDAQ:ATLO) Shares Pass Below Two Hundred Day Moving Average of $19.03

Ames National Co. (NASDAQ:ATLO)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.03 and traded as low as $18.93. Ames National shares last traded at $18.96, with a volume of 6,975 shares.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut shares of Ames National from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Ames National Stock Performance

The stock has a market capitalization of $170.45 million, a price-to-earnings ratio of 15.67 and a beta of 0.58. The company’s 50 day moving average is $19.19 and its 200 day moving average is $19.03.

Ames National (NASDAQ:ATLO) last released its earnings results on Friday, January 19th. The financial services provider reported $0.24 EPS for the quarter. The firm had revenue of $13.25 million during the quarter. Ames National had a net margin of 12.95% and a return on equity of 6.90%.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.70%. The ex-dividend date is Tuesday, April 30th. Ames National’s dividend payout ratio (DPR) is presently 89.26%.

Institutional Investors Weigh In On Ames National

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its holdings in Ames National by 256.7% in the 1st quarter. UBS Group AG now owns 1,070 shares of the financial services provider’s stock valued at $26,000 after buying an additional 770 shares during the period. CWM LLC increased its holdings in Ames National by 2,044.0% in the 4th quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,533 shares during the period. Tower Research Capital LLC TRC increased its holdings in Ames National by 263.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,150 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,559 shares during the period. Clarity Asset Management Inc. bought a new stake in Ames National in the 4th quarter valued at $38,000. Finally, California State Teachers Retirement System bought a new stake in Ames National in the 2nd quarter valued at $52,000. Institutional investors own 26.47% of the company’s stock.

About Ames National

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.