Ames National (NASDAQ:ATLO) Stock Rating Upgraded by StockNews.com

Ames National (NASDAQ:ATLO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet downgraded shares of Ames National from a “b-” rating to a “c+” rating in a research note on Wednesday, March 13th.

Ames National Price Performance

NASDAQ ATLO traded up $0.01 during mid-day trading on Thursday, reaching $19.54. 10,704 shares of the stock were exchanged, compared to its average volume of 12,398. Ames National has a one year low of $15.01 and a one year high of $22.50. The stock has a 50 day simple moving average of $20.17 and a 200-day simple moving average of $19.98. The stock has a market cap of $175.66 million, a P/E ratio of 17.60 and a beta of 0.57.

Ames National (NASDAQ:ATLO) last announced its earnings results on Friday, April 19th. The financial services provider reported $0.26 earnings per share for the quarter. Ames National had a net margin of 11.49% and a return on equity of 6.27%. The business had revenue of $9.21 million during the quarter.

Institutional Investors Weigh In On Ames National

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Ames National by 2,044.0% in the fourth quarter. CWM LLC now owns 1,608 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,533 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Ames National by 75.7% during the first quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,832 shares during the last quarter. SG Americas Securities LLC purchased a new position in Ames National during the fourth quarter worth about $100,000. Finally, Vanguard Group Inc. boosted its holdings in Ames National by 0.6% during the first quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after purchasing an additional 2,965 shares during the last quarter. 26.47% of the stock is owned by institutional investors.

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.