Ames National Co. (NASDAQ:ATLO) Short Interest Down 29.8% in February

Ames National Co. (NASDAQ:ATLO) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 69,100 shares, a decrease of 29.8% from the January 31st total of 98,500 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 20,900 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of Ames National

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Ames National by 0.9% in the third quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock worth $2,252,000 after purchasing an additional 1,069 shares during the period. Barclays PLC increased its holdings in shares of Ames National by 299.1% in the 3rd quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 8,557 shares during the period. Geode Capital Management LLC lifted its position in Ames National by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock valued at $3,731,000 after purchasing an additional 4,843 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Ames National by 114.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,327 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 7,650 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in Ames National in the 4th quarter worth about $1,875,000. Institutional investors own 26.47% of the company’s stock.

Ames National Trading Down 0.5 %

NASDAQ:ATLO traded down $0.09 during mid-day trading on Tuesday, hitting $18.54. The company had a trading volume of 5,534 shares, compared to its average volume of 16,722. The firm has a market capitalization of $166.71 million, a price-to-earnings ratio of 16.26 and a beta of 0.57. The business has a fifty day simple moving average of $17.61 and a 200-day simple moving average of $17.69. Ames National has a 1 year low of $15.69 and a 1 year high of $22.03.

Ames National (NASDAQ:ATLO) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter. Ames National had a net margin of 11.05% and a return on equity of 5.94%.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Friday, May 30th. Ames National’s dividend payout ratio (DPR) is 70.18%.

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.