Ames National (NASDAQ:ATLO) Downgraded by BidaskClub to Sell

BidaskClub lowered shares of Ames National (NASDAQ:ATLO) from a hold rating to a sell rating in a research report report published on Wednesday morning, BidAskClub reports.

Separately, ValuEngine cut Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

Shares of ATLO opened at $27.20 on Wednesday. Ames National has a 12 month low of $24.47 and a 12 month high of $32.15. The firm’s fifty day simple moving average is $26.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $253.89 million, a price-to-earnings ratio of 14.77 and a beta of 0.59.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, July 31st.

Several institutional investors have recently modified their holdings of ATLO. US Bancorp DE grew its holdings in shares of Ames National by 3.1% during the first quarter. US Bancorp DE now owns 14,115 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 426 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ames National during the first quarter worth about $291,000. BNP Paribas Arbitrage SA grew its holdings in shares of Ames National by 534.2% during the first quarter. BNP Paribas Arbitrage SA now owns 1,801 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,517 shares during the last quarter. Northwest Wealth Management LLC bought a new stake in shares of Ames National during the first quarter worth about $41,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Ames National during the fourth quarter worth about $80,000. Institutional investors and hedge funds own 23.74% of the company’s stock.

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.

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