Ames National (NASDAQ:ATLO) Director Douglas Beals Purchases 325 Shares

Ames National Corporation (NASDAQ:ATLO) Director Douglas Beals bought 325 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $31.16 per share, for a total transaction of $10,127.00. Following the completion of the purchase, the director owned 3,275 shares in the company, valued at $102,049. The trade was a 11.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ames National Price Performance

Shares of NASDAQ:ATLO opened at $31.76 on Friday. The business’s 50-day moving average is $30.33 and its 200 day moving average is $28.85. Ames National Corporation has a 1 year low of $19.18 and a 1 year high of $32.30. The firm has a market capitalization of $281.39 million, a P/E ratio of 12.31 and a beta of 0.30.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings results on Friday, July 17th. The financial services provider reported $0.67 earnings per share for the quarter. Ames National had a return on equity of 11.08% and a net margin of 22.64%.The business had revenue of $19.08 million during the quarter. On average, analysts expect that Ames National Corporation will post 2.72 EPS for the current year.

Ames National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st. Ames National’s dividend payout ratio (DPR) is presently 37.21%.

Institutional Trading of Ames National

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Ames National by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 215,104 shares of the financial services provider’s stock valued at $3,831,000 after acquiring an additional 5,201 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Ames National by 67.6% during the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 556 shares during the last quarter. First Trust Advisors LP acquired a new position in Ames National during the second quarter valued at $187,000. NewEdge Advisors LLC acquired a new position in Ames National during the second quarter valued at $367,000. Finally, Jane Street Group LLC purchased a new stake in Ames National in the second quarter valued at $255,000. 26.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Ames National in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.00.

Ames National Company Profile

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.