Short Interest in Ames National Co. (NASDAQ:ATLO) Decreases By 31.5%

Ames National Co. (NASDAQ:ATLO) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 47,400 shares, a decrease of 31.5% from the October 31st total of 69,200 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,400 shares, the short-interest ratio is currently 2.9 days.

Ames National Stock Up 0.5 %

Ames National stock traded up $0.09 during midday trading on Friday, reaching $16.99. 15,721 shares of the company traded hands, compared to its average volume of 14,664. The business has a 50 day moving average of $17.69 and a two-hundred day moving average of $19.00. Ames National has a 12 month low of $15.69 and a 12 month high of $22.50.

Ames National Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.71%. Ames National’s dividend payout ratio (DPR) is 74.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Ames National by 0.9% during the third quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock valued at $2,252,000 after buying an additional 1,069 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after buying an additional 1,737 shares during the last quarter. Vanguard Group Inc. increased its holdings in Ames National by 0.6% during the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock valued at $9,886,000 after buying an additional 2,965 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ames National by 2.4% in the third quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock worth $3,731,000 after purchasing an additional 4,843 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Ames National by 299.1% in the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 8,557 shares in the last quarter. Institutional investors own 26.47% of the company’s stock.

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.