Ames National Corporation $ATLO Stock Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Ames National Corporation (NASDAQ:ATLO) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,066 shares of the financial services provider’s stock after purchasing an additional 1,389 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of Ames National worth $246,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in Ames National by 1,587.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,738 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,635 shares during the last quarter. Clarity Asset Management Inc. increased its stake in Ames National by 162.7% during 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 during the period. Wells Fargo & Company MN increased its stake in Ames National by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider’s stock valued at $85,000 after buying an additional 1,124 shares during the period. BNP Paribas Financial Markets increased its stake in Ames National by 270.0% during the 4th quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider’s stock valued at $117,000 after buying an additional 5,205 shares during the period. Finally, Stockman Wealth Management Inc. acquired a new position in Ames National during the 1st quarter valued at about $188,000. 26.47% of the stock is currently owned by institutional investors.

Ames National Trading Up 0.8%

Ames National stock opened at $19.25 on Thursday. The stock has a market cap of $171.33 million, a price-to-earnings ratio of 12.50 and a beta of 0.50. The company’s 50-day moving average price is $18.25 and its two-hundred day moving average price is $17.89. Ames National Corporation has a 52 week low of $15.69 and a 52 week high of $19.45.

Ames National (NASDAQ:ATLO) last released its earnings results on Friday, August 8th. The financial services provider reported $0.51 EPS for the quarter. The firm had revenue of $16.11 million for the quarter. Ames National had a net margin of 14.44% and a return on equity of 7.46%.

Ames National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 annualized dividend and a yield of 4.2%. Ames National’s dividend payout ratio (DPR) is presently 51.95%.

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.