Ames National Corporation (NASDAQ:ATLO) to Issue Dividend Increase – $0.24 Per Share

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.24 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a 20.0% increase from Ames National’s previous quarterly dividend of $0.20.

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

Ames National Price Performance

NASDAQ ATLO traded up $0.25 on Wednesday, hitting $27.76. 6,874 shares of the company were exchanged, compared to its average volume of 32,996. Ames National has a twelve month low of $16.09 and a twelve month high of $28.35. The firm has a market capitalization of $246.84 million, a P/E ratio of 12.97 and a beta of 0.39. The company’s 50 day moving average price is $24.98 and its 200-day moving average price is $22.21.

Ames National (NASDAQ:ATLO) last released its earnings results on Friday, January 23rd. The financial services provider reported $0.73 earnings per share for the quarter. Ames National had a net margin of 19.36% and a return on equity of 9.90%. The business had revenue of $15.34 million for the quarter.

Institutional Investors Weigh In On Ames National

A number of hedge funds and other institutional investors have recently made changes to their positions in ATLO. Russell Investments Group Ltd. lifted its stake in Ames National by 67.6% in the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 556 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,049 shares during the last quarter. CWM LLC boosted its holdings in Ames National by 150.5% in the third quarter. CWM LLC now owns 1,836 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,103 shares in the last quarter. BNP Paribas Financial Markets increased its position in Ames National by 148.3% during the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,299 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Ames National by 42.3% during the fourth quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,886 shares in the last quarter. 26.47% of the stock is owned by hedge funds and other institutional investors.

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.