State Street Corp Boosts Stake in Ames National Co. (NASDAQ:ATLO)

State Street Corp increased its position in shares of Ames National Co. (NASDAQ:ATLO) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,550 shares of the financial services provider’s stock after purchasing an additional 1,069 shares during the period. State Street Corp’s holdings in Ames National were worth $2,252,000 at the end of the most recent reporting period.

Separately, Bank of New York Mellon Corp grew its stake 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 worth $763,000 after buying an additional 1,737 shares in the last quarter. Institutional investors own 26.47% of the company’s stock.

Ames National Stock Performance

NASDAQ:ATLO opened at $16.43 on Thursday. The firm has a market capitalization of $147.74 million, a PE ratio of 16.60 and a beta of 0.56. The stock’s fifty day moving average is $17.12 and its 200 day moving average is $18.36. Ames National Co. has a fifty-two week low of $15.69 and a fifty-two week high of $22.41.

Ames National Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.87%. Ames National’s dividend payout ratio is presently 80.81%.

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.