ValuEngine upgraded shares of Ames National (NASDAQ:ATLO) from a sell rating to a hold rating in a report issued on Saturday morning, ValuEngine reports.

Separately, BidaskClub downgraded Ames National from a buy rating to a hold rating in a research note on Thursday, October 17th.

NASDAQ:ATLO opened at $28.00 on Friday. The company has a market capitalization of $256.87 million, a PE ratio of 14.55 and a beta of 0.59. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01. Ames National has a 52-week low of $24.47 and a 52-week high of $29.46. The stock has a fifty day simple moving average of $27.79 and a 200-day simple moving average of $27.12.

Ames National (NASDAQ:ATLO) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $13.14 million during the quarter. Ames National had a return on equity of 9.97% and a net margin of 28.50%.

In other news, CFO John L. Pierschbacher purchased 1,250 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $26.25 per share, with a total value of $32,812.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 2,365 shares of company stock valued at $62,086 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Ames National by 1.0% in the 2nd quarter. BlackRock Inc. now owns 571,383 shares of the financial services provider’s stock valued at $15,486,000 after purchasing an additional 5,531 shares during the last quarter. Northern Trust Corp raised its stake in Ames National by 3.2% in the 2nd quarter. Northern Trust Corp now owns 106,841 shares of the financial services provider’s stock valued at $2,896,000 after purchasing an additional 3,316 shares during the last quarter. Renaissance Technologies LLC raised its stake in Ames National by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 115,021 shares of the financial services provider’s stock valued at $3,117,000 after purchasing an additional 6,421 shares during the last quarter. Vanguard Group Inc. raised its stake in Ames National by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 142,814 shares of the financial services provider’s stock valued at $3,870,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Ames National by 7.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 20,803 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 1,474 shares during the last quarter. 23.81% of the stock is owned by hedge funds and other institutional investors.

About Ames National

Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking, savings, and accounts; and time deposits of various types, including money market accounts and certificates of deposit.

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