Price Change to Note: Could Ames National Corporation Go Down After Touching 52-Week High?

Price Change to Note: Could Ames National Corporation Go Down After Touching 52 Week High?

The stock of Ames National Corporation (NASDAQ:ATLO) hit a new 52-week high and has $42.90 target or 50.00% above today’s $28.60 share price. The 8 months bullish chart indicates low risk for the $266.29M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $42.90 price target is reached, the company will be worth $133.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 19,677 shares traded hands or 266.63% up from the average. Ames National Corporation (NASDAQ:ATLO) has risen 15.77% since April 11, 2016 and is uptrending. It has outperformed by 9.62% the S&P500.

According to Zacks Investment Research, “Ames National Corporation is a multi-bank holding company. Headquartered in Ames, Iowa, Ames National Corporation and its five individually chartered banks provide central Iowa with commercial banking services.”

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.45, from 1.45 in 2016Q1. The ratio fall, as 0 funds sold all Ames National Corporation shares owned while 14 reduced positions. 4 funds bought stakes while 10 increased positions. They now own 1.36 million shares or 36.48% less from 2.14 million shares in 2016Q1.
Maltese Cap Mngmt Ltd Liability Com, a New York-based fund reported 10,000 shares. Barclays Public Ltd Liability Co owns 27 shares or 0% of their US portfolio. Geode Cap Management Ltd Liability Corp holds 45,338 shares or 0% of its portfolio. Blackrock last reported 2,049 shares in the company. Morgan Dempsey Capital Management Limited Liability Com owns 30,813 shares or 0.28% of their US portfolio. Manufacturers Life Ins The has 0% invested in the company for 2,072 shares. Moreover, California Employees Retirement System has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 22,400 shares. Renaissance Ltd accumulated 61,300 shares or 0% of the stock. Us Comml Bank De, a Minnesota-based fund reported 3,000 shares. Bank Of America De holds 0% or 509 shares in its portfolio. Blackrock Institutional Trust Co Na has invested 0% of its portfolio in Ames National Corporation (NASDAQ:ATLO). Gp owns 4,931 shares or 0% of their US portfolio. Citigroup has 0% invested in the company for 1,054 shares. Alliancebernstein Ltd Partnership, a New York-based fund reported 15,310 shares. Moreover, Nationwide Fund Advsr has 0% invested in Ames National Corporation (NASDAQ:ATLO) for 5,855 shares.

Insider Transactions: Since May 18, 2016, the stock had 3 insider purchases, and 0 insider sales for $10,563 net activity. On Monday, September 12 the insider Eslinger Lisa M bought $5,383. 100 shares with value of $2,730 were bought by MCGILL STEPHEN C on Wednesday, September 7.

More important recent Ames National Corporation (NASDAQ:ATLO) news were published by: Nasdaq.com which released: “Ames National Corporation (ATLO) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016, also Twst.com published article titled: “Ames National Corporation: Title: Ames National Corporation Announces 2016 Q3 …”, Seekingalpha.com published: “3 Banks From The Walker’s Manual Of Unlisted Stocks Part 2” on November 07, 2016. More interesting news about Ames National Corporation (NASDAQ:ATLO) was released by: Seekingalpha.com and their article: “3 Banks From The Walker’s Manual Of Unlisted Stocks” with publication date: October 25, 2016.

ATLO Company Profile

Ames National Corporation, incorporated on January 15, 1975, is a bank holding firm for five community banks. The Firm operates through banking segment. The Firm owns approximately 100% of the stock of over five banking subsidiaries consisting of approximately two national banks and over three state-chartered banks. All of the Company’s activities 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. The Banks offer a range of deposit services, including checking accounts, savings accounts and time deposits of various types, ranging from money market accounts to longer-term certificates of deposit. The Banks also offer retirement accounts, such as individual retirement accounts (IRAs). The Banks provide financial products, such as Internet banking and trust services for clients and communities. The Banks offer all basic types of credit to their local communities and surrounding rural areas, including commercial, agricultural and consumer loans.

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