Ames National Corporation (ATLO) Receiving Somewhat Favorable News Coverage, Study Finds
Media coverage about Ames National Corporation (NASDAQ:ATLO) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ames National Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.7535925180221 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
- Ames National Corporation (ATLO) Announces Share Repurchase Plan (americanbankingnews.com)
- Ames National reports increase in net income (businessrecord.com)
- Ames National Corporation (ATLO) Director Buys $13,950.00 in Stock (americanbankingnews.com)
- Here are some of the ceremonies and special offers to mark Veterans Day in Central Pennsylvania (fox43.com)
Separately, BidaskClub cut Ames National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
Ames National Corporation (NASDAQ:ATLO) traded up $0.80 on Monday, reaching $28.65. The company had a trading volume of 5,900 shares, compared to its average volume of 6,844. Ames National Corporation has a 12-month low of $26.60 and a 12-month high of $37.45. The firm has a market cap of $266.76, a PE ratio of 17.91 and a beta of 0.68.
Ames National Corporation declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 9th that permits the company to buyback 100,000 outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, January 31st. Ames National Corporation’s dividend payout ratio is currently 55.00%.
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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