Ames National Co. (NASDAQ:ATLO – Get Free Report) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 115,800 shares, a decline of 38.5% from the January 31st total of 188,200 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 6.6 days.
Wall Street Analyst Weigh In
Separately, TheStreet raised shares of Ames National from a “c+” rating to a “b-” rating in a research report on Monday, January 8th.
Read Our Latest Stock Analysis on ATLO
Ames National Stock Performance
Ames National Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.27 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.08 annualized dividend and a dividend yield of 5.85%. Ames National’s dividend payout ratio is presently 73.97%.
Institutional Trading of Ames National
A number of large investors have recently made changes to their positions in ATLO. UBS Group AG raised its holdings in Ames National by 45.0% during the second quarter. UBS Group AG now owns 1,552 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 482 shares in the last quarter. Royal Bank of Canada grew its position in Ames National by 3.7% in the 4th quarter. Royal Bank of Canada now owns 15,057 shares of the financial services provider’s stock valued at $321,000 after buying an additional 535 shares during the last quarter. Bank of New York Mellon Corp grew its position in Ames National by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 49,453 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 899 shares during the last quarter. Osaic Holdings Inc. grew its position in Ames National by 38.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,216 shares of the financial services provider’s stock valued at $58,000 after buying an additional 900 shares during the last quarter. Finally, BlackRock Inc. grew its position in Ames National by 0.8% in the 1st quarter. BlackRock Inc. now owns 124,816 shares of the financial services provider’s stock valued at $2,596,000 after buying an additional 957 shares during the last quarter. 25.73% of the stock is currently owned by hedge funds and other institutional investors.
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 a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.
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