Ames National Corporation (ATLO) to Issue Quarterly Dividend of $0.24 on September 15th

Ames National Corporation (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, August 12th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.24 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 1st.

Ames National has decreased its dividend by an average of 0.0%annually over the last three years.

Ames National Price Performance

Shares of NASDAQ ATLO traded down $0.18 during mid-day trading on Friday, reaching $31.60. 18,041 shares of the company’s stock were exchanged, compared to its average volume of 55,212. The firm has a market capitalization of $279.98 million, a price-to-earnings ratio of 12.25 and a beta of 0.30. Ames National has a 52 week low of $18.93 and a 52 week high of $32.23. The firm has a 50-day moving average price of $30.13 and a two-hundred day moving average price of $28.61.

Ames National (NASDAQ:ATLO) last posted 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 net margin of 22.64% and a return on equity of 11.18%. The company had revenue of $19.08 million during the quarter. As a group, sell-side analysts forecast that Ames National will post 2.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ames National in a research report on Tuesday, June 9th. Zacks Research upgraded Ames National to a “hold” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

About Ames National

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.