Ames National Co. (NASDAQ:ATLO) Short Interest Down 9.4% in April

Ames National Co. (NASDAQ:ATLO) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 92,700 shares, a decrease of 9.4% from the March 31st total of 102,300 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is currently 6.9 days. Approximately 1.1% of the company’s stock are short sold.

Ames National Price Performance

ATLO stock traded down $0.08 during mid-day trading on Tuesday, reaching $19.30. The company had a trading volume of 4,788 shares, compared to its average volume of 12,776. The company has a market capitalization of $173.51 million, a price-to-earnings ratio of 16.11 and a beta of 0.58. Ames National has a 52 week low of $15.01 and a 52 week high of $22.50. The stock has a 50 day simple moving average of $19.36 and a two-hundred day simple moving average of $19.23.

Ames National Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.08 annualized dividend and a dividend yield of 5.60%. Ames National’s dividend payout ratio is presently 89.26%.

Hedge Funds Weigh In On Ames National

An institutional investor recently raised its position in Ames National stock. CWM LLC grew its position in Ames National Co. (NASDAQ:ATLO) by 2,044.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,608 shares of the financial services provider’s stock after acquiring an additional 1,533 shares during the period. CWM LLC’s holdings in Ames National were worth $34,000 at the end of the most recent quarter. 26.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Ames National from a “b-” rating to a “c+” rating in a research report on Wednesday, March 13th.

Ames National Company Profile

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