Ames National (NASDAQ:ATLO) Announces Earnings Results

Ames National (NASDAQ:ATLO) released its quarterly earnings data on Friday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, Zacks reports. Ames National had a return on equity of 5.19% and a net margin of 9.75%.

Ames National Price Performance

Shares of NASDAQ ATLO traded up $0.17 during midday trading on Friday, hitting $17.81. The stock had a trading volume of 19,927 shares, compared to its average volume of 20,707. Ames National has a fifty-two week low of $15.69 and a fifty-two week high of $22.41. The firm has a market cap of $160.07 million, a P/E ratio of 17.98 and a beta of 0.56. The company’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $18.04.

Ames National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, January 31st. Ames National’s dividend payout ratio (DPR) is presently 80.81%.

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.