Ames National Co. (NASDAQ:ATLO) Short Interest Down 14.5% in June

Ames National Co. (NASDAQ:ATLO) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 51,500 shares, a drop of 14.5% from the May 31st total of 60,200 shares. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is currently 4.7 days. Currently, 0.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Ames National

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in shares of Ames National by 2,044.0% during the 4th quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock valued at $34,000 after buying an additional 1,533 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Ames National by 75.7% during the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 1,832 shares during the last quarter. Vanguard Group Inc. raised its position in Ames National by 0.6% during the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after purchasing an additional 2,965 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Ames National in the 4th quarter valued at approximately $100,000. 26.47% of the stock is owned by hedge funds and other institutional investors.

Ames National Trading Up 4.9 %

NASDAQ:ATLO opened at $20.49 on Monday. The business’s 50-day moving average is $20.20 and its 200 day moving average is $19.98. Ames National has a 12 month low of $15.01 and a 12 month high of $22.50. The company has a market capitalization of $184.21 million, a P/E ratio of 18.46 and a beta of 0.57.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings data on Friday, April 19th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $9.21 million for the quarter. Ames National had a return on equity of 6.27% and a net margin of 11.49%.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Wednesday, July 31st. Ames National’s payout ratio is 97.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ATLO shares. TheStreet downgraded shares of Ames National from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th. StockNews.com upgraded shares of Ames National from a “sell” rating to a “hold” rating in a research note on Thursday.

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.