Rhumbline Advisers Cuts Stock Position in Ames National Corporation (NASDAQ:ATLO)

Rhumbline Advisers decreased its holdings in shares of Ames National Corporation (NASDAQ:ATLO) by 8.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 8,112 shares of the financial services provider’s stock after selling 754 shares during the period. Rhumbline Advisers owned approximately 0.09% of Ames National worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ames National Corp acquired a new position in Ames National in the fourth quarter valued at approximately $403,000. Squarepoint Ops LLC increased its position in shares of Ames National by 26.5% during the fourth quarter. Squarepoint Ops LLC now owns 15,907 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 3,332 shares in the last quarter. Millennium Management LLC purchased a new stake in Ames National in the 4th quarter valued at $276,000. Clarity Asset Management Inc. grew its holdings in Ames National by 162.7% in the 4th quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider’s stock valued at $80,000 after buying an additional 3,021 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Ames National in the 4th quarter valued at $244,000. Institutional investors and hedge funds own 26.47% of the company’s stock.

Ames National Trading Down 1.3%

ATLO opened at $17.45 on Thursday. The stock’s 50-day moving average price is $17.47 and its 200 day moving average price is $17.47. Ames National Corporation has a 12-month low of $15.69 and a 12-month high of $22.03. The firm has a market cap of $155.65 million, a price-to-earnings ratio of 13.74 and a beta of 0.48.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. Ames National had a return on equity of 6.41% and a net margin of 12.10%. The company had revenue of $15.46 million for the quarter.

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.