Ames National Co. (NASDAQ:ATLO – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 65,000 shares, a decline of 9.8% from the June 30th total of 72,100 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is presently 4.7 days. Currently, 0.7% of the company’s stock are short sold.
Ames National Stock Performance
Shares of Ames National stock traded up $0.38 during midday trading on Tuesday, reaching $21.22. 5,168 shares of the company’s stock traded hands, compared to its average volume of 13,401. Ames National has a 52 week low of $15.01 and a 52 week high of $22.50. The company’s 50 day simple moving average is $20.36 and its 200 day simple moving average is $19.89. The company has a market cap of $190.77 million, a price-to-earnings ratio of 18.86 and a beta of 0.57.
Ames National Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.08 annualized dividend and a yield of 5.09%. Ames National’s dividend payout ratio (DPR) is currently 97.30%.
Institutional Trading of Ames National
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Ames National from a “sell” rating to a “hold” rating in a report on Thursday, June 27th.
Get Our Latest Research Report on ATLO
Ames National Company Profile
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties in central, north central, and south-central Iowa. The company accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.
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