Separately, ValuEngine upgraded Ames National from a sell rating to a hold rating in a research note on Tuesday, April 30th.
ATLO opened at $27.39 on Tuesday. The firm has a market capitalization of $254.45 million, a P/E ratio of 15.59 and a beta of 0.57. Ames National has a 1 year low of $24.47 and a 1 year high of $32.15. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Ames National by 40.5% during the third quarter. Dimensional Fund Advisors LP now owns 79,967 shares of the financial services provider’s stock valued at $2,179,000 after acquiring an additional 23,038 shares during the last quarter. BlackRock Inc. boosted its stake in Ames National by 2.0% during the fourth quarter. BlackRock Inc. now owns 580,285 shares of the financial services provider’s stock valued at $14,752,000 after buying an additional 11,627 shares during the period. Northwest Wealth Management LLC bought a new stake in Ames National during the first quarter valued at $41,000. Bank of New York Mellon Corp boosted its stake in Ames National by 8.2% during the fourth quarter. Bank of New York Mellon Corp now owns 56,753 shares of the financial services provider’s stock valued at $1,443,000 after buying an additional 4,281 shares during the period. Finally, MetLife Investment Advisors LLC bought a new stake in Ames National during the fourth quarter valued at $110,000. 23.87% 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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