Ames National Corporation (NASDAQ:ATLO) Raises Dividend to $0.24 Per Share

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be given a dividend of 0.24 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, February 27th. This is a 20.0% increase from Ames National’s previous quarterly dividend of $0.20.

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

Ames National Trading Up 0.9%

ATLO traded up $0.25 during trading on Wednesday, hitting $27.76. The stock had a trading volume of 6,874 shares, compared to its average volume of 32,996. Ames National has a 12 month low of $16.09 and a 12 month high of $28.35. The company has a 50 day simple moving average of $24.98 and a 200-day simple moving average of $22.21. The firm has a market cap of $246.84 million, a PE ratio of 12.97 and a beta of 0.39.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings results on Friday, January 23rd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter. Ames National had a return on equity of 9.90% and a net margin of 19.36%.The company had revenue of $15.34 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Ames National in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.