Ames National (NASDAQ:ATLO) Announces Earnings Results

Ames National (NASDAQ:ATLO) posted its earnings results on Friday. The financial services provider reported $0.39 EPS for the quarter, Zacks reports. Ames National had a return on equity of 5.19% and a net margin of 9.75%.

Ames National Stock Up 0.7 %

NASDAQ ATLO opened at $17.76 on Friday. The company has a market capitalization of $159.66 million, a price-to-earnings ratio of 17.94 and a beta of 0.56. Ames National has a twelve month low of $15.69 and a twelve month high of $22.41. The stock has a fifty day simple moving average of $16.93 and a 200 day simple moving average of $18.02.

Ames National Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.20 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.50%. Ames National’s dividend payout ratio is 80.81%.

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.