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

Ames National Co. (NASDAQ:ATLO) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 58,700 shares, a decrease of 7.3% from the September 30th total of 63,300 shares. Based on an average daily trading volume, of 15,100 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.7% of the shares of the company are short sold.

Ames National Stock Performance

ATLO stock opened at $17.10 on Wednesday. The stock has a market capitalization of $153.73 million, a PE ratio of 15.98 and a beta of 0.55. The company has a fifty day moving average of $18.05 and a 200-day moving average of $19.33. Ames National has a one year low of $15.69 and a one year high of $22.50.

Ames National (NASDAQ:ATLO) last announced its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.24 EPS for the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%. The firm had revenue of $13.49 million during the quarter.

Ames National Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.68%. Ames National’s dividend payout ratio (DPR) is presently 74.77%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ATLO. BNP Paribas Financial Markets boosted its position in shares of Ames National by 75.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,832 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 2,965 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 worth $763,000 after buying an additional 1,737 shares in the last quarter. Finally, Choreo LLC acquired a new position in Ames National during the second quarter worth about $807,000. 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.