SG Americas Securities LLC Takes $100,000 Position in Ames National Co. (NASDAQ:ATLO)

SG Americas Securities LLC purchased a new position in shares of Ames National Co. (NASDAQ:ATLO) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,691 shares of the financial services provider’s stock, valued at approximately $100,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ATLO. BlackRock Inc. lifted its position in shares of Ames National by 327.0% during the 2nd quarter. BlackRock Inc. now owns 532,950 shares of the financial services provider’s stock worth $9,609,000 after buying an additional 408,134 shares in the last quarter. Vanguard Group Inc. boosted its position in Ames National by 1.7% in the third quarter. Vanguard Group Inc. now owns 479,998 shares of the financial services provider’s stock worth $7,963,000 after purchasing an additional 8,043 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ames National by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 266,559 shares of the financial services provider’s stock valued at $4,806,000 after purchasing an additional 20,645 shares during the period. Geode Capital Management LLC grew its stake in Ames National by 88.1% in the 2nd quarter. Geode Capital Management LLC now owns 162,965 shares of the financial services provider’s stock valued at $2,938,000 after purchasing an additional 76,340 shares during the period. Finally, State Street Corp increased its position in shares of Ames National by 165.3% during the 2nd quarter. State Street Corp now owns 107,221 shares of the financial services provider’s stock valued at $1,933,000 after purchasing an additional 66,800 shares during the last quarter. 26.47% of the stock is owned by hedge funds and other institutional investors.

Ames National Stock Up 0.5 %

Shares of ATLO stock opened at $19.15 on Friday. Ames National Co. has a 12-month low of $15.01 and a 12-month high of $22.50. The company has a 50 day moving average of $19.24 and a 200-day moving average of $19.07. The firm has a market cap of $172.16 million, a P/E ratio of 15.83 and a beta of 0.58.

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

Ames National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, April 30th. Ames National’s dividend payout ratio is currently 89.26%.

Wall Street Analyst Weigh In

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

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.