Ames National (NASDAQ:ATLO) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Ames National Co. (NASDAQ:ATLO) passed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Ames National Price Performance

The firm has a market capitalization of $158.44 million, a PE ratio of 15.59 and a beta of 0.57. The stock’s 50-day moving average price is $18.12 and its 200 day moving average price is $17.65.

Ames National (NASDAQ:ATLO) last announced its 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Friday, May 30th. Ames National’s payout ratio is 70.18%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. State Street Corp grew its stake in Ames National by 0.9% in the 3rd quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock valued at $2,252,000 after acquiring an additional 1,069 shares during the period. Wells Fargo & Company MN boosted its position in Ames National by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 1,124 shares during the last quarter. Barclays PLC increased its holdings in shares of Ames National by 15.7% in the fourth quarter. Barclays PLC now owns 13,215 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 1,797 shares during the last quarter. Northern Trust Corp lifted its position in Ames National by 3.1% during the fourth quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider’s stock worth $1,248,000 after buying an additional 2,273 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Ames National by 30.7% during the fourth quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider’s stock worth $187,000 after buying an additional 2,679 shares during the last quarter. Institutional investors and hedge funds own 26.47% of the company’s stock.

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.