Ames National (NASDAQ:ATLO) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Ames National Co. (NASDAQ:ATLO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.61 and traded as low as $15.80. Ames National shares last traded at $16.44, with a volume of 83,988 shares changing hands.

Ames National Price Performance

The firm has a market capitalization of $147.80 million, a price-to-earnings ratio of 16.61 and a beta of 0.56. The business has a fifty day moving average price of $17.39 and a two-hundred day moving average price of $18.61.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.87%. The ex-dividend date is Friday, January 31st. Ames National’s payout ratio is 80.81%.

Institutional Trading of Ames National

Several hedge funds and other institutional investors have recently bought and sold shares of ATLO. Choreo LLC purchased a new position in Ames National in the second quarter valued at $807,000. Barclays PLC increased its stake 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 valued at $208,000 after purchasing an additional 8,557 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $3,731,000 after purchasing an additional 4,843 shares during the period. Bank of New York Mellon Corp boosted its position in Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 1,737 shares in the last quarter. Finally, State Street Corp grew 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 valued at $2,252,000 after purchasing an additional 1,069 shares during the period. 26.47% of the stock is owned by institutional investors and hedge funds.

Ames National Company Profile

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.