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Financial Services - Banks - Regional - NASDAQ - US
$ 17.54
1.96 %
$ 156 M
Market Cap
15.03
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one ATLO stock under the worst case scenario is HIDDEN Compared to the current market price of 17.5 USD, Ames National Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one ATLO stock under the base case scenario is HIDDEN Compared to the current market price of 17.5 USD, Ames National Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one ATLO stock under the best case scenario is HIDDEN Compared to the current market price of 17.5 USD, Ames National Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ATLO

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$19.0$19.0$18.5$18.5$18.0$18.0$17.5$17.5$17.0$17.0$16.5$16.5$16.0$16.0$15.5$15.5Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
FINANCIALS
54.8 M REVENUE
4.84%
-51.6 M OPERATING INCOME
0.00%
10.2 M NET INCOME
-5.54%
14.3 M OPERATING CASH FLOW
-25.55%
72 M INVESTING CASH FLOW
277.61%
-40.2 M FINANCING CASH FLOW
-263.31%
14.7 M REVENUE
-36.22%
0 OPERATING INCOME
0.00%
3.51 M NET INCOME
58.46%
5.94 M OPERATING CASH FLOW
91.67%
20.4 M INVESTING CASH FLOW
35.82%
16 M FINANCING CASH FLOW
170.78%
Balance Sheet Ames National Corporation
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Current Assets 1.97 B
Cash & Short-Term Investments 668 M
Receivables 1.3 B
Other Current Assets 0
Non-Current Assets 35.1 M
Long-Term Investments 0
PP&E 21.6 M
Other Non-Current Assets 13.5 M
33.28 %64.97 %Total Assets$2.0b
Current Liabilities 5 M
Accounts Payable 3.21 M
Short-Term Debt 0
Other Current Liabilities 1.79 M
Non-Current Liabilities 47 M
Long-Term Debt 47 M
Other Non-Current Liabilities 0
6.18 %3.45 %90.38 %Total Liabilities$52.0m
EFFICIENCY
Earnings Waterfall Ames National Corporation
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Revenue 54.8 M
Cost Of Revenue 0
Gross Profit 54.8 M
Operating Expenses 54.8 M
Operating Income -51.6 M
Other Expenses -61.8 M
Net Income 10.2 M
60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)55m055m(55m)(52m)62m10mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
-94.07% OPERATING MARGIN
-94.07%
18.64% NET MARGIN
18.64%
5.85% ROE
5.85%
0.48% ROA
0.48%
-2.15% ROIC
-2.15%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Ames National Corporation
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30m30m25m25m20m20m15m15m10m10m5m5m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 10.2 M
Depreciation & Amortization 1.18 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 0
Others 2.91 M
Free Cash Flow 14.3 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Ames National Corporation
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ATLO has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.22% DIVIDEND YIELD
0.2 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.201.201.001.000.800.800.600.600.400.400.200.200.000.000.180.20.210.220.230.240.250.260.270.270.20.20.210.220.480.240.250.260.270.270.270.20.20.210.220.230.240.250.260.270.270.270.20.780.210.830.220.870.231.160.240.950.250.990.261.030.271.070.271.080.21.010.402015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 14
6. Ownership
Insider Ownership Ames National Corporation
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
6.63 K USD 1
0-3 MONTHS
74.3 K USD 9
3-6 MONTHS
86.2 K USD 11
6-9 MONTHS
7.44 K USD 1
9-12 MONTHS
7. News
Ames National: Market's Overreaction To Dividend Cut Creates Opportunity (Rating Upgrade) Ames National's stock price has plunged over the last six months, mostly due to a dividend cut. There is hope for an earnings revival because the fast-moving deposit costs will likely fall while the slow-moving asset yields will rise in 2025. Loan growth will likely continue at the rate seen in 2023 as the drivers are stable. seekingalpha.com - 3 months ago
Dividend Champion, Contender, And Challenger Highlights: Week Of February 12 A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. seekingalpha.com - 2 years ago
Dividend Champion, Contender, And Challenger Highlights: Week Of January 29 A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. seekingalpha.com - 2 years ago
Ames National: Reliable Income Stream From A Small Community Bank ATLO provides a reliable dividend income stream with capital preservation characteristics, making it an ideal holding for retirees and income-oriented investors. Short-term capital fluctuations resulting from rising interest rates have a limited impact on cash flows. seekingalpha.com - 2 years ago
Ames National: High Dividend Yield, Positive Earnings Outlook For Next Year High agriculture commodity prices and strength in Iowa's job market will likely sustain loan growth through the end of 2023. Higher interest rates will have a lagged impact on the net interest margin. seekingalpha.com - 2 years ago
5 Stocks Insiders Have Boosted Over the Past 2 Months According to the Insider Cluster Buys Screen, a Premium feature of GuruFocus, five stocks with a high GF Score and high insider buys over the past two months include Ames National Corp. ( ATLO , Financial), Warner Bros. Discovery Inc. ( WBD , Financial), Bankwell Financial Group Inc. ( BWFG , Financial), Northrim BanCorp Inc. ( NRIM , Financial) and Herbalife Nutrition Ltd. gurufocus.com - 2 years ago
Ames National: Running A Conservative Balance Sheet, But Watch The Book Value Ames National is a consistently strong performer. A very substantial portion of its assets are invested in securities and the higher market interest rates should boost the interest income. seekingalpha.com - 2 years ago
Ames National Bank: On Its Way To A 4.5% Dividend Yield With A Sub-40% Payout Ratio Ames National is a small regional bank in Iowa, with a balance sheet total of just over $2B. The loan book remains strong despite the heavy exposure in real estate loans. Less than 0.4% of the loans are past due. seekingalpha.com - 3 years ago
Ames National Corp.: Upside Due To Potential Interest Rate Hikes By End Of 2023 As of June 30, 2021, Ames National Corporation's deposits rose to $1.83 billion from $1.64 billion on June 30, 2020. seekingalpha.com - 3 years ago
5 Stocks With High Insider Cluster Buys During July According to the Insider Cluster Buys Screen, a Premium feature of Gurus, five stocks with high number of unique insider buys during the past month include German American Bancorp Inc. ( GABC , Financial), Simon Property Group Inc. ( SPG , Financial), Partners Bancorp ( PTRS , Financial), Ames National Corp. ( ATLO , Financial) and Acumen Pharmaceuticals Inc. ( ABOS , Financial). gurufocus.com - 3 years ago
2 Stocks Insiders Are Buying When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. benzinga.com - 3 years ago
Ames National: A Local Bank In Iowa Flying Under The Radar Ames National is trading at 1.2X tangible book value and about 10 times its normalized earnings. The bank was able to take back some of its 2020 loan loss provisions. seekingalpha.com - 3 years ago
8. Profile Summary

Ames National Corporation ATLO

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COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 156 M
Dividend Yield 1.22%
Description 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 a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. It also provides loans, such as short-term and medium-term commercial and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; personal loans and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, the company offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit of payroll and social security check, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is based in Ames, Iowa.
Contact 405 5th Street, Ames, IA, 50010 https://www.amesnational.com
IPO Date Feb. 15, 2000
Employees 249
Officers Mr. Timothy J. Lupardus Senior Vice President & Chief Information Officer Ms. Jennifer J. Hanson Vice President & Human Resources Director Joel L. Regenwether Senior Vice President & Operations Project Manager Mr. Michael A. Wilson Chief Lending Officer Ms. Lori J. Hill Valuation Services Coordinator & Administrative Officer Mr. Jeffrey K. Putzier President & Director of Boone Bank & Trust Co. Mr. John P. Nelson President, Chief Executive Officer & Director Mr. Justin C. Clausen Chief Financial Officer & Secretary Mr. Scott T. Bauer President & Director of First National Bank Dena M. Gray-Fisher Vice President & Marketing Director