Ames National (NASDAQ:ATLO) Posts Earnings Results, Beats Expectations By $0.12 EPS

Ames National (NASDAQ:ATLO) released its earnings results on Friday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.12, FiscalAI reports. The business had revenue of $20.42 million for the quarter, compared to analyst estimates of $19.30 million. Ames National had a return on equity of 11.08% and a net margin of 22.64%.

Ames National Stock Up 0.1%

Shares of Ames National stock opened at $32.17 on Friday. Ames National has a 12-month low of $19.56 and a 12-month high of $32.86. The company has a market capitalization of $285.03 million, a price-to-earnings ratio of 11.21 and a beta of 0.31. The firm’s 50-day moving average price is $31.87 and its two-hundred day moving average price is $30.15.

Ames National Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 1st. Ames National’s dividend payout ratio is presently 37.21%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Ames National in a research note on Friday, September 4th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.00.

Ames National Company Profile

Ames National Corporation is a bank holding company headquartered in Ames, Iowa. Through its subsidiary community banks, the company provides banking and financial services to individuals, families, farmers, and businesses across central Iowa.

Its banking activities include accepting deposits and providing commercial, agricultural, real estate, and consumer loans. The company’s subsidiaries also offer services such as checking and savings accounts, online and mobile banking, cash management, wealth management, and trust-related services.

Ames National Corporation has a long history of community banking in Iowa, with its operations conducted through locally managed banking institutions serving communities in and around Ames and other central Iowa markets.