Wealthfront Advisers LLC Takes $1.88 Million Position in Ames National Co. (NASDAQ:ATLO)

Wealthfront Advisers LLC bought a new position in shares of Ames National Co. (NASDAQ:ATLO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 114,118 shares of the financial services provider’s stock, valued at approximately $1,875,000. Wealthfront Advisers LLC owned 1.27% of Ames National at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATLO. Barclays PLC increased its holdings in Ames National by 299.1% during 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. JPMorgan Chase & Co. increased its holdings 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 worth $261,000 after acquiring an additional 7,650 shares during the period. Geode Capital Management LLC increased its holdings in Ames National by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock worth $3,731,000 after acquiring an additional 4,843 shares during the period. Finally, State Street Corp increased its holdings in Ames National by 0.9% during the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock worth $2,252,000 after acquiring an additional 1,069 shares during the period. Institutional investors own 26.47% of the company’s stock.

Ames National Trading Down 0.1 %

Ames National stock opened at $17.98 on Friday. The firm’s 50 day simple moving average is $17.91 and its 200 day simple moving average is $17.70. The firm has a market capitalization of $161.68 million, a PE ratio of 15.77 and a beta of 0.57. Ames National Co. 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 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 business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.45%. Ames National’s dividend payout ratio is presently 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.