Ames National Corporation (NASDAQ:ATLO) Announces Quarterly Dividend of $0.24

Ames National Corporation (NASDAQ:ATLO) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Monday, June 1st will be given a dividend of 0.24 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 1st.

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

Ames National Price Performance

NASDAQ:ATLO opened at $28.74 on Friday. The business has a fifty day simple moving average of $28.28 and a two-hundred day simple moving average of $25.78. Ames National has a 1 year low of $16.94 and a 1 year high of $29.71. The company has a market capitalization of $254.55 million, a P/E ratio of 11.88 and a beta of 0.30.

Ames National (NASDAQ:ATLO) last released its earnings results on Friday, April 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Ames National had a return on equity of 10.65% and a net margin of 21.63%.The business had revenue of $18.22 million during the quarter. As a group, analysts anticipate that Ames National will post 2.7 earnings per share for the current year.

Hedge Funds Weigh In On Ames National

Hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC grew its position in Ames National by 3.6% during the second quarter. Bridgeway Capital Management LLC now owns 15,273 shares of the financial services provider’s stock worth $272,000 after buying an additional 536 shares in the last quarter. Russell Investments Group Ltd. grew its position in Ames National by 67.6% during the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock worth $25,000 after buying an additional 556 shares in the last quarter. Empowered Funds LLC grew its position in Ames National by 6.4% during the fourth quarter. Empowered Funds LLC now owns 10,639 shares of the financial services provider’s stock worth $244,000 after buying an additional 642 shares in the last quarter. Royal Bank of Canada grew its position in Ames National by 210.2% during the fourth quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock worth $36,000 after buying an additional 1,049 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Ames National by 148.3% during the third quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,299 shares in the last quarter. 26.47% of the stock is currently owned by hedge funds and other institutional investors.

About Ames National

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.