Ames National (NASDAQ:ATLO) Releases Earnings Results, Beats Estimates By $0.12 EPS

Ames National (NASDAQ:ATLO) issued its quarterly earnings data on Friday. The financial services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.68 by $0.12, FiscalAI reports. Ames National had a return on equity of 11.08% and a net margin of 22.64%. The company had revenue of $20.42 million during the quarter, compared to analyst estimates of $19.30 million.

Ames National Trading Up 0.1%

ATLO stock traded up $0.02 during midday trading on Friday, reaching $32.17. 11,142 shares of the company’s stock traded hands, compared to its average volume of 20,003. Ames National has a 52-week low of $19.56 and a 52-week high of $32.86. The stock has a market cap of $285.03 million, a P/E ratio of 12.47 and a beta of 0.31. The stock’s 50-day moving average is $31.87 and its 200 day moving average is $30.15.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, September 1st. Ames National’s payout ratio is 37.21%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Ames National in a report on Friday, September 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.00.

Ames National Company Profile

Ames National Corporation is a bank holding company headquartered in Ames, Iowa. Through its subsidiary community banks, the company provides banking and financial services to individuals, families, farmers, and businesses across central Iowa.

Its banking activities include accepting deposits and providing commercial, agricultural, real estate, and consumer loans. The company’s subsidiaries also offer services such as checking and savings accounts, online and mobile banking, cash management, wealth management, and trust-related services.

Ames National Corporation has a long history of community banking in Iowa, with its operations conducted through locally managed banking institutions serving communities in and around Ames and other central Iowa markets.