Dimensional Fund Advisors LP Reduces Holdings in Ames National Co. (NASDAQ:ATLO)

Dimensional Fund Advisors LP reduced its stake in Ames National Co. (NASDAQ:ATLO) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 230,933 shares of the financial services provider’s stock after selling 12,879 shares during the period. Dimensional Fund Advisors LP’s holdings in Ames National were worth $4,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Ames National by 75.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,251 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 1,832 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ames National by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 37,235 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 1,737 shares during the period. Choreo LLC purchased a new position in Ames National in the 2nd quarter worth $807,000. Finally, Vanguard Group Inc. lifted its position in Ames National by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 489,890 shares of the financial services provider’s stock worth $9,886,000 after acquiring an additional 2,965 shares during the period. 26.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Ames National from a “sell” rating to a “hold” rating in a report on Thursday, June 27th.

Ames National Trading Up 0.2 %

Shares of NASDAQ ATLO opened at $17.32 on Thursday. The company has a 50 day simple moving average of $18.32 and a two-hundred day simple moving average of $19.54. The stock has a market cap of $155.71 million, a price-to-earnings ratio of 15.60 and a beta of 0.55. Ames National Co. has a 12 month low of $15.01 and a 12 month high of $22.50.

Ames National (NASDAQ:ATLO) last posted its earnings results on Friday, August 9th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $13.49 million during the quarter. Ames National had a net margin of 10.77% and a return on equity of 5.92%.

Ames National Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.20 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.62%. Ames National’s payout ratio is 72.07%.

Ames National 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.