Ames National (NASDAQ:ATLO) Issues Quarterly Earnings Results

Ames National (NASDAQ:ATLO) posted its earnings results on Friday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12, FiscalAI reports. The business had revenue of $20.42 million during the quarter, compared to analysts’ expectations of $19.30 million. Ames National had a return on equity of 11.08% and a net margin of 22.64%.

Ames National Trading Up 0.1%

NASDAQ ATLO traded up $0.02 during trading on Friday, hitting $32.17. 10,621 shares of the company’s stock were exchanged, compared to its average volume of 49,378. The company has a market cap of $285.03 million, a PE ratio of 12.47 and a beta of 0.31. The stock’s 50 day moving average price is $31.85 and its two-hundred day moving average price is $30.14. Ames National has a fifty-two week low of $19.56 and a fifty-two week high of $32.86.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 1st. Ames National’s dividend payout ratio (DPR) is currently 37.21%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Ames National in a report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.00.

Ames National Company Profile

Ames National Corporation is a bank holding company headquartered in Ames, Iowa. Through its subsidiary community banks, the company provides banking and financial services to individuals, families, farmers, and businesses across central Iowa.

Its banking activities include accepting deposits and providing commercial, agricultural, real estate, and consumer loans. The company’s subsidiaries also offer services such as checking and savings accounts, online and mobile banking, cash management, wealth management, and trust-related services.

Ames National Corporation has a long history of community banking in Iowa, with its operations conducted through locally managed banking institutions serving communities in and around Ames and other central Iowa markets.