Financial Services -
Banks - Regional - NASDAQ - US
$ 17.17
-0.579 %
$ 153 M
Market Cap
13.52
P/E
1. INTRINSIC VALUE
Balance Sheet
Ames National Corporation
| Current Assets | 316 M |
| Cash & Short-Term Investments | 302 M |
| Receivables | 13.9 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.82 B |
| Long-Term Investments | 1.76 B |
| PP&E | 21.6 M |
| Other Non-Current Assets | 37.6 M |
| Current Liabilities | 1.9 B |
| Accounts Payable | 3.21 M |
| Short-Term Debt | 52.4 M |
| Other Current Liabilities | 1.85 B |
| Non-Current Liabilities | 56.2 M |
| Long-Term Debt | 47 M |
| Other Non-Current Liabilities | 9.22 M |
EFFICIENCY
Earnings Waterfall
Ames National Corporation
| Revenue | 92.4 M |
| Cost Of Revenue | 38.2 M |
| Gross Profit | 54.2 M |
| Operating Expenses | 42 M |
| Operating Income | 12.2 M |
| Other Expenses | 2.02 M |
| Net Income | 10.2 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Ames National Corporation
| Net Income | 10.2 M |
| Depreciation & Amortization | 1.69 M |
| Capital Expenditures | -298 K |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 345 K |
| Others | 4.05 M |
| Free Cash Flow | 14 M |
Wall Street Analysts Price Targets
Ames National Corporation
ATLO has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.14%
DIVIDEND YIELD
0.2 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Ames National Corporation
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
56 K USD 10
0-3 MONTHS
6.63 K USD 1
3-6 MONTHS
122 K USD 12
6-9 MONTHS
38.1 K USD 7
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
- 5 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
- 3 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
- 3 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
- 4 years ago
8. Profile
Summary
Ames National Corporation ATLO
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 153 M
Dividend Yield
1.14%
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
258
Officers
Dena M. Gray-Fisher
Vice President & Marketing Director
Mr. Timothy J. Lupardus
Senior Vice President & Chief Information Officer
Ms. Jennifer J. Hanson
Vice President & Human Resources Director
Mr. John P. Nelson
President, Chief Executive Officer & Director
Mr. Jeffrey K. Putzier
President & Director of Boone Bank & Trust Co.
Joel L. Regenwether
Senior Vice President & Operations Project Manager
Ms. Lori J. Hill
Valuation Services Coordinator & Administrative Officer
Mr. Michael A. Wilson
Chief Lending Officer
Mr. Justin C. Clausen
Chief Financial Officer & Secretary
Mr. Scott T. Bauer
President & Director of First National Bank