Ames National (NASDAQ:ATLO) Issues Quarterly Earnings Results

Ames National (NASDAQ:ATLO) issued its quarterly earnings data on Thursday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, Zacks reports. Ames National had a net margin of 11.05% and a return on equity of 5.94%.

Ames National Trading Up 0.5 %

ATLO traded up $0.09 during midday trading on Thursday, reaching $16.80. The company’s stock had a trading volume of 11,315 shares, compared to its average volume of 16,483. The stock’s 50-day moving average is $17.84 and its 200-day moving average is $17.50. Ames National has a 1 year low of $15.69 and a 1 year high of $22.03. The firm has a market capitalization of $149.79 million, a price-to-earnings ratio of 14.74 and a beta of 0.46.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.76%. Ames National’s payout ratio is 70.18%.

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.