Ames National (NASDAQ:ATLO) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Ames National Co. (NASDAQ:ATLO) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.61 and traded as low as $15.80. Ames National shares last traded at $16.44, with a volume of 83,988 shares.

Ames National Stock Up 3.0 %

The company has a market cap of $147.83 million, a price-to-earnings ratio of 16.61 and a beta of 0.56. The company has a fifty day simple moving average of $17.37 and a two-hundred day simple moving average of $18.57.

Ames National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, January 31st. This represents a $0.80 annualized dividend and a yield of 4.87%. Ames National’s dividend payout ratio (DPR) is currently 80.81%.

Institutional Trading of Ames National

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Ames National by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock worth $3,731,000 after purchasing an additional 4,843 shares during the last quarter. State Street Corp lifted 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 acquiring an additional 1,069 shares in the last quarter. Choreo LLC acquired a new stake in shares of Ames National during the second quarter valued at $807,000. Bank of New York Mellon Corp boosted its stake in shares of Ames National by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 1,737 shares during the last quarter. Finally, Barclays PLC raised its stake in Ames National by 299.1% in the 3rd quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 8,557 shares during the last quarter. Hedge funds and other institutional investors own 26.47% of the company’s stock.

Ames National Company Profile

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.