Ames National (NASDAQ:ATLO) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Monday, BidAskClub reports.

Separately, ValuEngine lowered shares of Ames National from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.

NASDAQ:ATLO opened at $27.20 on Monday. The stock has a market capitalization of $254.54 million, a price-to-earnings ratio of 15.30 and a beta of 0.57. Ames National has a 12 month low of $24.47 and a 12 month high of $32.15. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01.

A number of large investors have recently added to or reduced their stakes in ATLO. Dimensional Fund Advisors LP boosted its position in Ames National by 40.5% in the third quarter. Dimensional Fund Advisors LP now owns 79,967 shares of the financial services provider’s stock valued at $2,179,000 after buying an additional 23,038 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Ames National by 14.0% in the third quarter. Renaissance Technologies LLC now owns 110,765 shares of the financial services provider’s stock worth $3,018,000 after acquiring an additional 13,565 shares during the last quarter. BlackRock Inc. raised its stake in shares of Ames National by 2.0% in the fourth quarter. BlackRock Inc. now owns 580,285 shares of the financial services provider’s stock worth $14,752,000 after acquiring an additional 11,627 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Ames National in the first quarter worth about $291,000. Finally, Wells Fargo & Company MN raised its stake in shares of Ames National by 29.0% in the first quarter. Wells Fargo & Company MN now owns 22,039 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 4,958 shares during the last quarter. Hedge funds and other institutional investors own 23.87% of the company’s stock.

Ames National Company Profile

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

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