ATLO - エイムズ・ナショナル （Ames National Corporation）

Ames National (NASDAQ:ATLO) has declared $0.27/share quarterly dividend, in line with previous.Payable Feb. 15; for shareholders of record Feb. 1; ex-div Jan.

Ames National has a simple business model geared toward high returns on equity. See why ATLO will likely provide a reliable dividend income stream for retirees.

Ames National press release (ATLO): Q4 GAAP EPS of $0.49.Revenue of $15.26M (-6.0% Y/Y).

AMES, Iowa, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Ames National Corporation (Nasdaq: ATLO; the “Company”) today reported net income for the fourth quarter of 2022 of $4.4 million, or $0.49 per share, compared to $5.3 million, or $0.58 per share, earned in the fourth quarter of 2021. For the year ended December 31, 2022, net income for the Company totaled $19.3 million or $2.14 per share, compared to $23.9 million or $2.62 per share earned in 2021. The decrease in earnings for the three months and year ended is primarily the result of higher interest expense on deposits and fewer Paycheck Protection Program (“PPP”) fees recognized into income, offset in part by an increase in interest income on loans and taxable securities. The higher interest expense on deposits is due to an increase in market rates. In 2022, the Federal Open Market Committee has increased its target for the federal funds interest rate by 4.25%. The increase in interest income on loans and taxable securities was primarily due to growth in the loan and investment portfolios.

Earnings of Ames National Corporation will likely remain flattish next year. Read more to see why I’m downgrading ATLO stock to a Hold rating.

Ames National is a consistently strong performer. See what makes me wait a bit longer before initiating a long position in ATLO Stock here.

Ames National (NASDAQ:ATLO) declares $0.27/share quarterly dividend, 3.8% increase from prior dividend of $0.26.Forward yield 4.69%Payable Aug. 15; for shareholders of record Aug.

Ames National (NASDAQ:ATLO) and Harleysville Financial (OTCMKTS:HARL) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, valuation, risk, analyst recommendations, institutional ownership, earnings and profitability. Insider and Institutional Ownership 22.2% of Ames National shares are held by institutional investors. Comparatively, []

Millennium Management LLC bought a new position in Ames National Co. (NASDAQ:ATLO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 141,122 shares of the financial services providers stock, valued at approximately $3,459,000. Millennium Management LLC owned about 1.55% of Ames National []

Bank of New York Mellon Corp trimmed its holdings in shares of Ames National Co. (NASDAQ:ATLO) by 45.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,243 shares of the financial services providers stock after selling 26,352 shares during the quarter. Bank of []

Ames National is a consistently strong performer. See what makes me wait a bit longer before initiating a long position in ATLO Stock here.

Ames National (NASDAQ:ATLO) declares $0.27/share quarterly dividend, 3.8% increase from prior dividend of $0.26.Forward yield 4.69%Payable Aug. 15; for shareholders of record Aug.

Ames National (NASDAQ:ATLO) and Harleysville Financial (OTCMKTS:HARL) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, valuation, risk, analyst recommendations, institutional ownership, earnings and profitability. Insider and Institutional Ownership 22.2% of Ames National shares are held by institutional investors. Comparatively, []

Millennium Management LLC bought a new position in Ames National Co. (NASDAQ:ATLO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 141,122 shares of the financial services providers stock, valued at approximately $3,459,000. Millennium Management LLC owned about 1.55% of Ames National []

Bank of New York Mellon Corp trimmed its holdings in shares of Ames National Co. (NASDAQ:ATLO) by 45.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,243 shares of the financial services providers stock after selling 26,352 shares during the quarter. Bank of []