Ames National Corporation Announces Quarterly Dividend of $0.24 (NASDAQ:ATLO)

Ames National Corporation (NASDAQ:ATLO) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.24 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 1st.

Ames National has decreased its dividend by an average of 0.0%annually over the last three years.

Ames National Stock Down 0.6%

Shares of ATLO stock traded down $0.18 on Friday, reaching $31.60. The company’s stock had a trading volume of 18,041 shares, compared to its average volume of 55,212. The company has a market capitalization of $279.98 million, a P/E ratio of 12.25 and a beta of 0.30. Ames National has a 12-month low of $18.93 and a 12-month high of $32.23. The stock’s 50 day simple moving average is $30.13 and its 200-day simple moving average is $28.61.

Ames National (NASDAQ:ATLO) last posted its earnings results on Friday, July 17th. The financial services provider reported $0.67 EPS for the quarter. Ames National had a return on equity of 11.18% and a net margin of 22.64%.The business had revenue of $19.08 million during the quarter. Research analysts expect that Ames National will post 2.72 EPS for the current year.

Ames National Company Profile

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.