Vanguard Group Inc. grew its holdings in Ames National Corporation (NASDAQ:ATLO) by 8.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 357,408 shares of the financial services provider’s stock after buying an additional 27,338 shares during the period. Vanguard Group Inc. owned approximately 3.84% of Ames National Corporation worth $10,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Northern Trust Corp grew its stake in shares of Ames National Corporation by 8.1% in the 2nd quarter. Northern Trust Corp now owns 100,948 shares of the financial services provider’s stock worth $3,089,000 after buying an additional 7,564 shares in the last quarter. Morgan Dempsey Capital Management LLC grew its stake in shares of Ames National Corporation by 50.2% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 41,095 shares of the financial services provider’s stock worth $1,258,000 after buying an additional 13,739 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ames National Corporation by 1.5% in the 2nd 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 in the last quarter. John W. Rosenthal Capital Management Inc. purchased a new position in shares of Ames National Corporation in the 2nd quarter worth $621,000. Finally, Alliancebernstein L.P. grew its stake in shares of Ames National Corporation by 2.6% in the 2nd quarter. Alliancebernstein L.P. now owns 15,610 shares of the financial services provider’s stock worth $478,000 after buying an additional 400 shares in the last quarter. 23.47% of the stock is owned by institutional investors and hedge funds.

Ames National Corporation (NASDAQ ATLO) opened at $30.25 on Wednesday. Ames National Corporation has a 52 week low of $26.60 and a 52 week high of $37.45. The company has a market cap of $278.40, a price-to-earnings ratio of 18.69 and a beta of 0.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.91%. Ames National Corporation’s payout ratio is currently 55.00%.

Ames National Corporation announced that its board has initiated a stock buyback program on Thursday, November 9th that permits the company to repurchase 100,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Vanguard Group Inc. Acquires 27,338 Shares of Ames National Corporation (ATLO)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/vanguard-group-inc-acquires-27338-shares-of-ames-national-corporation-atlo/1719013.html.

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

Ames National Corporation 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.

Want to see what other hedge funds are holding ATLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ames National Corporation (NASDAQ:ATLO).

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

Receive News & Ratings for Ames National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ames National Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.