Ames National (NASDAQ:ATLO) Posts Earnings Results

Ames National (NASDAQ:ATLO) announced its quarterly earnings results on Friday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, Zacks reports. Ames National had a return on equity of 5.19% and a net margin of 9.75%.

Ames National Price Performance

ATLO traded up $0.12 during trading on Friday, hitting $17.76. The stock had a trading volume of 23,034 shares, compared to its average volume of 20,707. The company has a 50 day moving average price of $16.94 and a 200-day moving average price of $18.04. Ames National has a one year low of $15.69 and a one year high of $22.41. The firm has a market cap of $159.66 million, a price-to-earnings ratio of 17.94 and a beta of 0.56.

Ames National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, January 31st. Ames National’s dividend payout ratio is presently 80.81%.

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.