Ames National Co. (NASDAQ:ATLO) Short Interest Update

Ames National Co. (NASDAQ:ATLO) was the target of a large drop in short interest during the month of 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 trading volume of 11,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Trading of Ames National

Institutional investors have recently modified their holdings of the stock. CWM LLC increased its position in shares of Ames National by 2,044.0% during the fourth quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,533 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 buying an additional 1,832 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Ames National in the 4th quarter valued at approximately $100,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ames National by 0.6% during the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after purchasing an additional 2,965 shares during the period. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Price Performance

Shares of NASDAQ ATLO traded up $0.12 during mid-day trading on Tuesday, hitting $20.17. The company had a trading volume of 7,861 shares, compared to its average volume of 13,028. The company has a market capitalization of $181.37 million, a PE ratio of 18.17 and a beta of 0.57. The business’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $19.96. Ames National has a 1-year low of $15.01 and a 1-year high of $22.50.

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

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Thursday, August 1st. Ames National’s dividend payout ratio (DPR) is presently 97.30%.

Analysts Set New Price Targets

ATLO has been the topic of several recent analyst reports. StockNews.com upgraded shares of Ames National from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. TheStreet downgraded Ames National from a “b-” rating to a “c+” rating in a report on Wednesday, March 13th.

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.