Ames National (NASDAQ:ATLO) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Ames National Corporation (NASDAQ:ATLO) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $28.79 and traded as high as $30.02. Ames National shares last traded at $29.80, with a volume of 105,423 shares traded.

Analysts Set New Price Targets

Several analysts have commented on ATLO shares. National Bank Financial set a $31.00 target price on Ames National in a research note on Wednesday, April 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ames National in a report on Tuesday, June 9th. Brean Capital raised Ames National to a “hold” rating in a research report on Wednesday, April 15th. Finally, Zacks Research raised Ames National to a “hold” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Ames National currently has a consensus rating of “Hold” and an average target price of $31.00.

Ames National Stock Down 0.6%

The business has a fifty day simple moving average of $28.86 and a two-hundred day simple moving average of $26.87. The company has a market cap of $271.74 million, a P/E ratio of 12.67 and a beta of 0.30.

Ames National (NASDAQ:ATLO) last released its quarterly 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. On average, equities analysts predict that Ames National Corporation will post 2.7 EPS for the current fiscal year.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 1st. Ames National’s dividend payout ratio is currently 39.67%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ATLO. Russell Investments Group Ltd. grew its position in shares of Ames National by 67.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 556 shares during the period. Royal Bank of Canada raised its holdings in Ames National by 210.2% in the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,049 shares during the period. BNP Paribas Financial Markets lifted 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 valued at $44,000 after purchasing an additional 1,299 shares in the last quarter. Deutsche Bank AG grew its holdings in Ames National by 42.3% during the fourth quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 1,886 shares during the period. Finally, First Trust Advisors LP bought a new stake in Ames National during the second quarter valued at about $187,000. 26.47% of the stock is currently owned by 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.