Ames National Co. (ATLO) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its stake in shares of Ames National Co. (NASDAQ:ATLO) by 25.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,516 shares of the financial services provider’s stock after purchasing an additional 4,016 shares during the period. Schwab Charles Investment Management Inc. owned about 0.21% of Ames National worth $603,000 at the end of the most recent reporting period.

Separately, Dimensional Fund Advisors LP boosted its position in Ames National by 62.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 37,653 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 14,464 shares in the last quarter. 24.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ATLO opened at $27.90 on Friday. The firm has a market cap of $256.24 million, a price-to-earnings ratio of 15.91 and a beta of 0.66. Ames National Co. has a 12-month low of $26.00 and a 12-month high of $32.15.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.92 annualized dividend and a yield of 3.30%.

Several brokerages have issued reports on ATLO. BidaskClub cut Ames National from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine cut Ames National from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

In related news, insider Curtis A. Hoff bought 1,000 shares of the company’s stock in a transaction on Friday, September 14th. The shares were acquired at an average price of $27.25 per share, with a total value of $27,250.00. Following the transaction, the insider now owns 6,000 shares of the company’s stock, valued at $163,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 1,924 shares of company stock worth $52,771 in the last ninety days. Insiders own 8.36% of the company’s stock.

Ames National Profile

Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central and north central Iowa counties of Boone, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking accounts, savings accounts, time deposits, money market accounts, demand deposits, and certificates of deposit; and loans, such as short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans, and mortgage loans for sale into the secondary market, as well as agricultural and business operating loans and lines of credit.

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Institutional Ownership by Quarter for Ames National (NASDAQ:ATLO)

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