Ames National Co. (NASDAQ:ATLO) Sees Significant Decline in Short Interest

Ames National Co. (NASDAQ:ATLO) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 69,100 shares, a decrease of 29.8% from the January 31st total of 98,500 shares. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Clarity Asset Management Inc. grew its holdings in Ames National by 162.7% in the fourth quarter. Clarity Asset Management Inc. now owns 4,878 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 3,021 shares during the period. Wells Fargo & Company MN grew its stake in shares of Ames National by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,161 shares of the financial services provider’s stock valued at $85,000 after buying an additional 1,124 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Ames National by 270.0% in the 4th quarter. BNP Paribas Financial Markets now owns 7,133 shares of the financial services provider’s stock valued at $117,000 after buying an additional 5,205 shares during the period. Bank of America Corp DE increased its position in Ames National by 30.7% in the 4th quarter. Bank of America Corp DE now owns 11,392 shares of the financial services provider’s stock valued at $187,000 after buying an additional 2,679 shares in the last quarter. Finally, Barclays PLC raised its stake in Ames National by 299.1% during the 3rd quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock worth $208,000 after buying an additional 8,557 shares during the period. Institutional investors and hedge funds own 26.47% of the company’s stock.

Ames National Trading Down 0.4 %

ATLO stock traded down $0.08 during midday trading on Monday, hitting $18.69. The stock had a trading volume of 3,865 shares, compared to its average volume of 16,852. The firm has a market cap of $168.06 million, a P/E ratio of 16.39 and a beta of 0.57. The business has a fifty day moving average price of $17.56 and a two-hundred day moving average price of $17.69. Ames National has a 1-year low of $15.69 and a 1-year high of $22.03.

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 return on equity of 5.94% and a net margin of 11.05%.

Ames National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Friday, May 30th. Ames National’s dividend payout ratio (DPR) is 70.18%.

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.