Ames National Corporation Declares Quarterly Dividend of $0.24 (NASDAQ:ATLO)

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 1st will be given a dividend of 0.24 per share by the financial services provider on Monday, June 15th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st.

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

Ames National Price Performance

NASDAQ ATLO opened at $28.74 on Friday. The business has a 50 day simple moving average of $28.28 and a 200 day simple moving average of $25.78. Ames National has a one year low of $16.94 and a one year high of $29.71. The stock has a market capitalization of $254.55 million, a P/E ratio of 11.88 and a beta of 0.30.

Ames National (NASDAQ:ATLO) last released its earnings results on Friday, April 24th. The financial services provider reported $0.67 EPS for the quarter. The business had revenue of $18.22 million during the quarter. Ames National had a return on equity of 10.65% and a net margin of 21.63%. Equities analysts expect that Ames National will post 2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATLO. National Bank Financial set a $31.00 target price on Ames National in a report on Wednesday, April 15th. Brean Capital upgraded Ames National to a “hold” rating in a report on Wednesday, April 15th. Finally, Zacks Research upgraded Ames National to a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.00.

Ames National Company Profile

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.