Short Interest in Ames National Co. (NASDAQ:ATLO) Drops By 31.5%

Ames National Co. (NASDAQ:ATLO) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 47,400 shares, a decline of 31.5% from the October 31st total of 69,200 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is presently 2.9 days.

Ames National Stock Up 0.5 %

NASDAQ:ATLO traded up $0.09 during mid-day trading on Friday, reaching $16.99. 15,721 shares of the company were exchanged, compared to its average volume of 14,664. Ames National has a 12 month low of $15.69 and a 12 month high of $22.50. The company has a fifty day moving average of $17.65 and a 200 day moving average of $18.97.

Ames National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.71%. Ames National’s payout ratio is 74.77%.

Institutional Investors Weigh In On Ames National

Several institutional investors have recently made changes to their positions in the stock. Choreo LLC bought a new stake in shares of Ames National during the 2nd quarter valued at $807,000. Barclays PLC increased its position in shares of Ames National by 299.1% during the third 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 during the period. Geode Capital Management LLC lifted its holdings in shares of 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 worth $3,731,000 after buying an additional 4,843 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ames National by 0.6% in the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after acquiring an additional 2,965 shares during the period. Finally, Bank of New York Mellon Corp grew its stake 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 valued at $763,000 after acquiring an additional 1,737 shares in the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

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.