Ames National (NASDAQ:ATLO) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Ames National Co. (NASDAQ:ATLO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.65 and traded as low as $17.50. Ames National shares last traded at $17.77, with a volume of 9,353 shares traded.

Ames National Trading Up 0.7 %

The firm’s fifty day simple moving average is $18.12 and its two-hundred day simple moving average is $17.65. The company has a market capitalization of $158.44 million, a price-to-earnings ratio of 15.59 and a beta of 0.57.

Ames National (NASDAQ:ATLO) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter. Ames National had a return on equity of 5.94% and a net margin of 11.05%.

Ames National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, May 30th. Ames National’s dividend payout ratio (DPR) is 70.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Ames National by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 204,642 shares of the financial services provider’s stock worth $3,731,000 after buying an additional 4,843 shares during the period. State Street Corp grew its stake in shares of Ames National by 0.9% in the third quarter. State Street Corp now owns 123,550 shares of the financial services provider’s stock worth $2,252,000 after acquiring an additional 1,069 shares in the last quarter. Barclays PLC grew its stake in shares of Ames National by 299.1% in the third quarter. Barclays PLC now owns 11,418 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 8,557 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Ames National in the fourth quarter valued at $1,875,000. Finally, JPMorgan Chase & Co. boosted its holdings in Ames National by 114.6% in the third quarter. JPMorgan Chase & Co. now owns 14,327 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 7,650 shares during the period. 26.47% of the stock is currently owned by hedge funds and other institutional investors.

About Ames National

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.