Schwab Charles Investment Management Inc. held its stake in Ames National Corporation (NASDAQ:ATLO) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,500 shares of the financial services provider’s stock at the close of the 2nd quarter. Schwab Charles Investment Management Inc. owned about 0.17% of Ames National Corporation worth $475,000 at the end of the most recent reporting period.

Separately, Morgan Dempsey Capital Management LLC grew its stake in shares of Ames National Corporation by 50.2% during the second quarter. Morgan Dempsey Capital Management LLC now owns 41,095 shares of the financial services provider’s stock worth $1,258,000 after acquiring an additional 13,739 shares during the last quarter. Hedge funds and other institutional investors own 24.06% of the company’s stock.

Separately, BidaskClub lowered Ames National Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.

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Shares of Ames National Corporation (NASDAQ ATLO) opened at $29.50 on Monday. Ames National Corporation has a 52 week low of $26.60 and a 52 week high of $37.45. The firm has a market capitalization of $274.67, a PE ratio of 18.44 and a beta of 0.68. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.08.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.98%. Ames National Corporation’s payout ratio is 55.00%.

Ames National Corporation Company Profile

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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