Ames National Co. (NASDAQ:ATLO) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 71,800 shares, a decrease of 11.8% from the August 30th total of 81,400 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 7.7 days.
A number of equities research analysts have recently issued reports on ATLO shares. BidaskClub raised shares of Ames National from a “hold” rating to a “buy” rating in a report on Saturday, August 31st. ValuEngine cut shares of Ames National from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
In other news, CFO John L. Pierschbacher bought 1,250 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $26.25 per share, with a total value of $32,812.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 2,365 shares of company stock worth $62,086. 4.80% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Ames National by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 142,814 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 1,088 shares in the last quarter. BlackRock Inc. grew its position in shares of Ames National by 1.0% during the 2nd quarter. BlackRock Inc. now owns 571,383 shares of the financial services provider’s stock worth $15,486,000 after purchasing an additional 5,531 shares in the last quarter. US Bancorp DE grew its position in shares of Ames National by 3.0% during the 2nd quarter. US Bancorp DE now owns 14,533 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 418 shares in the last quarter. Northern Trust Corp grew its position in shares of Ames National by 3.2% during the 2nd quarter. Northern Trust Corp now owns 106,841 shares of the financial services provider’s stock worth $2,896,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Ames National by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 115,021 shares of the financial services provider’s stock worth $3,117,000 after purchasing an additional 6,421 shares in the last quarter. 23.81% of the stock is currently owned by hedge funds and other institutional investors.
Ames National stock traded down $0.50 during trading hours on Monday, hitting $27.42. The company had a trading volume of 17,816 shares, compared to its average volume of 8,667. The firm has a market cap of $259.38 million, a PE ratio of 14.56 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.76 and a quick ratio of 0.76. Ames National has a one year low of $24.47 and a one year high of $29.46. The firm has a 50-day moving average of $27.53 and a 200 day moving average of $27.09.
Ames National (NASDAQ:ATLO) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.50 earnings per share for the quarter. The firm had revenue of $13.14 million for the quarter. Ames National had a net margin of 28.50% and a return on equity of 9.97%.
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.
Further Reading: What is the return on assets (ROA) ratio?
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