Dimensional Fund Advisors LP Acquires Shares of 6,728 Ames National Co. (ATLO)

Dimensional Fund Advisors LP acquired a new position in Ames National Co. (NASDAQ:ATLO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,728 shares of the financial services provider’s stock, valued at approximately $206,000. Dimensional Fund Advisors LP owned 0.07% of Ames National at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in Ames National by 3.0% during the second quarter. Wells Fargo & Company MN now owns 5,608 shares of the financial services provider’s stock valued at $172,000 after buying an additional 161 shares during the period. Alliancebernstein L.P. grew its position in Ames National by 2.6% during the second quarter. Alliancebernstein L.P. now owns 15,610 shares of the financial services provider’s stock valued at $478,000 after buying an additional 400 shares during the period. Bank of New York Mellon Corp grew its position in Ames National by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 35,211 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 529 shares during the period. Teachers Advisors LLC grew its position in Ames National by 7.4% during the second quarter. Teachers Advisors LLC now owns 14,028 shares of the financial services provider’s stock valued at $429,000 after buying an additional 970 shares during the period. Finally, Northern Trust Corp grew its position in Ames National by 8.1% during the second quarter. Northern Trust Corp now owns 100,948 shares of the financial services provider’s stock valued at $3,089,000 after buying an additional 7,564 shares during the period. Hedge funds and other institutional investors own 23.75% of the company’s stock.

Shares of Ames National Co. (NASDAQ ATLO) opened at $29.50 on Friday. The company has a market cap of $265.83, a price-to-earnings ratio of 17.84 and a beta of 0.68. Ames National Co. has a 52-week low of $26.60 and a 52-week high of $37.45.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.88 annualized dividend and a yield of 2.98%. Ames National’s dividend payout ratio is presently 55.00%.

Ames National declared that its board has initiated a stock buyback plan on Thursday, November 9th that authorizes the company to buyback 100,000 outstanding shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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Ames National Company Profile

Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.

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Institutional Ownership by Quarter for Ames National (NASDAQ:ATLO)

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