Downgrades Ames National (NASDAQ:ATLO) to Hold downgraded shares of Ames National (NASDAQ:ATLOGet Rating) from a buy rating to a hold rating in a report issued on Thursday.

Shares of ATLO stock opened at $23.50 on Thursday. Ames National has a fifty-two week low of $22.80 and a fifty-two week high of $26.13. The stock’s 50-day moving average is $24.27 and its two-hundred day moving average is $24.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $213.66 million, a P/E ratio of 9.00 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $1.08 dividend on an annualized basis and a yield of 4.60%. This is an increase from Ames National’s previous quarterly dividend of $0.26. Ames National’s dividend payout ratio is currently 39.85%.

A number of hedge funds have recently bought and sold shares of the business. City State Bank bought a new position in shares of Ames National during the 4th quarter valued at $36,000. Acadian Asset Management LLC bought a new position in Ames National during the fourth quarter valued at about $124,000. Citadel Advisors LLC acquired a new stake in shares of Ames National in the second quarter worth about $273,000. Two Sigma Investments LP bought a new stake in shares of Ames National during the 3rd quarter worth about $371,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ames National by 10.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,096 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 1,488 shares during the last quarter. 22.39% of the stock is owned by institutional investors.

Ames National Company Profile (Get Rating)

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.

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