Ames National Co. (NASDAQ:ATLO) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 84,200 shares, an increase of 27.8% from the May 30th total of 65,900 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is currently 12.2 days.
Shares of NASDAQ:ATLO opened at $26.81 on Friday. The stock has a market cap of $249.15 million, a P/E ratio of 14.49 and a beta of 0.59. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. Ames National has a one year low of $24.47 and a one year high of $32.15. The company’s 50-day moving average is $26.66.
Ames National (NASDAQ:ATLO) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter. Ames National had a return on equity of 10.02% and a net margin of 28.92%. The company had revenue of $12.90 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.96 annualized dividend and a yield of 3.58%.
ATLO has been the topic of several analyst reports. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. BidaskClub downgraded Orthofix Medical from a “buy” rating to a “hold” rating in a report on Monday, May 20th.
A number of hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in Ames National by 3.1% during the 1st quarter. US Bancorp DE now owns 14,115 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 426 shares during the last quarter. Northwest Wealth Management LLC purchased a new stake in Ames National during the 1st quarter worth approximately $41,000. BNP Paribas Arbitrage SA increased its holdings in Ames National by 534.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,801 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,517 shares during the last quarter. Bank of America Corp DE increased its holdings in Ames National by 22.6% during the 4th quarter. Bank of America Corp DE now owns 10,128 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 1,866 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in Ames National during the 4th quarter worth approximately $80,000. Institutional investors own 23.74% of the company’s stock.
Ames National Company Profile
Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking, savings, and accounts; and time deposits of various types, including money market accounts and certificates of deposit.
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