Ames National Co. (NASDAQ:ATLO) Short Interest Up 32.6% in January

Ames National Co. (NASDAQ:ATLO) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 98,500 shares, a growth of 32.6% from the January 15th total of 74,300 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 4.5 days.

Ames National Stock Performance

Ames National stock traded up $0.10 during midday trading on Friday, reaching $18.39. 18,699 shares of the company’s stock were exchanged, compared to its average volume of 19,223. Ames National has a 52 week low of $15.69 and a 52 week high of $22.03. The firm has a market cap of $165.33 million, a price-to-earnings ratio of 16.13 and a beta of 0.57. The stock’s 50-day simple moving average is $17.19 and its 200 day simple moving average is $17.72.

Ames National (NASDAQ:ATLO) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.39 EPS for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Institutional Investors Weigh In On Ames National

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Ames National by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 243,423 shares of the financial services provider’s stock worth $3,999,000 after acquiring an additional 10,182 shares during the period. Geode Capital Management LLC raised its position 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 valued at $3,731,000 after buying an additional 4,843 shares in the last quarter. State Street Corp raised its position in shares of Ames National by 0.9% in 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 in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Ames National in the fourth quarter valued at approximately $1,875,000. Finally, Northern Trust Corp raised its position in shares of Ames National by 3.1% in the fourth quarter. Northern Trust Corp now owns 75,960 shares of the financial services provider’s stock valued at $1,248,000 after buying an additional 2,273 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.