Royce & Associates LP reduced its position in shares of Ames National Corporation (NASDAQ:ATLO) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 645,957 shares of the financial services provider’s stock after selling 29,400 shares during the period. Royce & Associates LP owned approximately 6.94% of Ames National Corporation worth $19,766,000 as of its most recent filing with the SEC.

Separately, Bank of New York Mellon Corp boosted its stake in shares of Ames National Corporation by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 35,211 shares of the financial services provider’s stock worth $1,078,000 after buying an additional 529 shares during the period. Institutional investors own 24.05% of the company’s stock.

Shares of Ames National Corporation (NASDAQ:ATLO) opened at 27.00 on Wednesday. The firm has a market capitalization of $251.37 million, a PE ratio of 16.86 and a beta of 0.66. Ames National Corporation has a 12 month low of $26.60 and a 12 month high of $37.45. The company has a 50 day moving average price of $29.01 and a 200-day moving average price of $30.51.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.26%. The ex-dividend date is Tuesday, October 31st.

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Separately, BidaskClub cut Ames National Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th.

About Ames National Corporation

Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.

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Institutional Ownership by Quarter for Ames National Corporation (NASDAQ:ATLO)

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