Ames National (NASDAQ:ATLO) Stock Rating Lowered by ValuEngine

Ames National (NASDAQ:ATLO) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

Several other equities research analysts also recently weighed in on the stock. TheStreet downgraded shares of Ames National from a “b-” rating to a “c+” rating in a research report on Monday, March 16th. BidaskClub raised shares of Ames National from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th.

Shares of ATLO traded up $0.32 on Wednesday, hitting $21.02. 10,200 shares of the stock traded hands, compared to its average volume of 16,233. The company has a market capitalization of $177.72 million, a PE ratio of 11.36 and a beta of 0.55. The business has a 50 day simple moving average of $24.69 and a 200 day simple moving average of $26.92. Ames National has a one year low of $18.00 and a one year high of $29.30.

In related news, SVP Kevin G. Deardorff bought 2,660 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $18.80 per share, with a total value of $50,008.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased 5,415 shares of company stock valued at $116,546 in the last three months. 4.61% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Citigroup Inc. grew its position in Ames National by 28.9% in the 4th quarter. Citigroup Inc. now owns 1,778 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 399 shares during the period. Charles Schwab Investment Management Inc. grew its position in Ames National by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,595 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 792 shares during the period. California Public Employees Retirement System grew its position in Ames National by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 25,339 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 801 shares during the period. UBS Group AG grew its position in Ames National by 36.0% in the 4th quarter. UBS Group AG now owns 11,806 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 3,126 shares during the period. Finally, Barclays PLC grew its position in Ames National by 100.1% in the 4th quarter. Barclays PLC now owns 9,043 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 4,523 shares during the period. 26.24% of the stock is owned by institutional investors and hedge funds.

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.

See Also: Return on Equity (ROE)

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