Ames National (NASDAQ:ATLO) Stock Passes Below 200-Day Moving Average – What’s Next?

Ames National Co. (NASDAQ:ATLO) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.65 and traded as low as $17.50. Ames National shares last traded at $17.77, with a volume of 9,353 shares changing hands.

Ames National Stock Performance

The firm’s fifty day moving average price is $18.10 and its 200 day moving average price is $17.65. The firm has a market cap of $158.44 million, a P/E ratio of 15.59 and a beta of 0.57.

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

Ames National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, May 30th. Ames National’s payout ratio is currently 70.18%.

Hedge Funds Weigh In On Ames National

A number of large investors have recently added to or reduced their stakes in ATLO. State Street Corp increased its position in shares of Ames National by 0.9% during 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 in the last quarter. Barclays PLC increased its position in Ames National by 299.1% during the 3rd quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock valued at $208,000 after buying an additional 8,557 shares in the last quarter. Geode Capital Management LLC raised its stake in Ames National by 2.4% in the third quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock valued at $3,731,000 after buying an additional 4,843 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ames National by 114.6% in the third quarter. JPMorgan Chase & Co. now owns 14,327 shares of the financial services provider’s stock valued at $261,000 after buying an additional 7,650 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Ames National in the fourth quarter worth about $1,875,000. 26.47% of the stock is currently owned by institutional investors.

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.