Ames National (NASDAQ:ATLO) Upgraded at ValuEngine

ValuEngine upgraded shares of Ames National (NASDAQ:ATLO) from a sell rating to a hold rating in a research note issued to investors on Saturday, ValuEngine reports.

Separately, BidaskClub lowered Ames National from a buy rating to a hold rating in a research note on Thursday, October 17th.

ATLO opened at $27.63 on Friday. The stock’s 50-day moving average price is $27.81 and its 200 day moving average price is $27.13. Ames National has a 12-month low of $24.47 and a 12-month high of $29.46. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. The firm has a market cap of $255.57 million, a price-to-earnings ratio of 14.55 and a beta of 0.59.

Ames National (NASDAQ:ATLO) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. Ames National had a return on equity of 9.97% and a net margin of 28.50%. The firm had revenue of $13.14 million for the quarter.

In other news, CFO John L. Pierschbacher bought 1,250 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $26.25 per share, with a total value of $32,812.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have purchased 2,365 shares of company stock worth $62,086. 4.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ATLO. US Bancorp DE lifted its stake in Ames National by 3.0% during the 2nd quarter. US Bancorp DE now owns 14,533 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 418 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ames National by 7.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 20,803 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,474 shares during the period. Northern Trust Corp increased its holdings in Ames National by 3.2% during the 2nd quarter. Northern Trust Corp now owns 106,841 shares of the financial services provider’s stock worth $2,896,000 after purchasing an additional 3,316 shares during the period. Renaissance Technologies LLC increased its holdings in Ames National by 5.9% during the 2nd quarter. Renaissance Technologies LLC now owns 115,021 shares of the financial services provider’s stock worth $3,117,000 after purchasing an additional 6,421 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Ames National by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 142,814 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 1,088 shares during the period. 23.81% of the stock is currently 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.

Recommended Story: How a Strangle Strategy is different from a Straddle Strategy

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Ames National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ames National and related companies with MarketBeat.com's FREE daily email newsletter.