NasdaqCM:ATLO

Stock Analysis Report

Executive Summary

Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, and Story.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.

Risks

  • Ames National is not covered by any analysts.

Similar Companies

Share Price & News

How has Ames National's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

NasdaqCM:ATLO

0.3%

US Banks

0.9%

US Market


1 Year Return

-13.9%

NasdaqCM:ATLO

-13.6%

US Banks

0.3%

US Market

ATLO matched the Banks industry (-14.2%) over the past year.

ATLO underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

ATLOIndustryMarket
7 Day0.8%0.3%0.9%
30 Day-2.9%-5.1%-1.9%
90 Day-2.9%-3.5%1.6%
1 Year-10.9%-13.9%-11.2%-13.6%2.6%0.3%
3 Year6.1%-4.3%43.6%33.7%41.0%31.8%
5 Year38.8%17.6%53.7%37.0%55.2%38.0%

Price Volatility Vs. Market

How volatile is Ames National's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ames National undervalued based on future cash flows and its price relative to the stock market?

14x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Ames National's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Ames National's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Ames National is overvalued based on earnings compared to the US Banks industry average.

Ames National is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Ames National, we can't assess if its growth is good value.


Price Based on Value of Assets

Ames National is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Ames National expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Ames National is high growth as no revenue estimate data is available.

Ames National's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Ames National's revenue growth to the United States of America market average as no estimate data is available.

Ames National's earnings growth is positive but not above the United States of America market average.

Ames National's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Ames National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Ames National performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ames National's year on year earnings growth rate has been positive over the past 5 years.

Ames National's 1-year earnings growth exceeds its 5-year average (17% vs 1.9%)

Ames National's earnings growth has not exceeded the US Banks industry average in the past year (17% vs 33.2%).


Return on Equity

Ames National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Ames National used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Ames National improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Ames National's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Ames National has an acceptable proportion of non-loan assets held.

Ames National has a sufficient allowance for bad loans.

Ames National's liabilities are made up of primarily low risk sources of funding.

Ames National's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Ames National are broadly funded by customer deposits.

Ames National has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Ames National's current dividend yield, its reliability and sustainability?

3.63%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Ames National before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Ames National's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Ames National's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Ames National's salary, the management and board of directors tenure and is there insider trading?

11.3yrs

Average management tenure


CEO

John Nelson (52yo)

1.6yrs

Tenure

US$417,587

Compensation

Mr. John P. Nelson serves as President and Chief Executive Officer of Ames National Corporation since June 29, 2018. He has been a Director of Ames National Corporation since April 25, 2013. He served as C ...


CEO Compensation Analysis

John's remuneration is lower than average for companies of similar size in United States of America.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.3yrs

Average Tenure

56.5yo

Average Age

The average tenure for the Ames National management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.3yrs

Average Tenure

58.5yo

Average Age

The tenure for the Ames National board of directors is about average.


Insider Trading

More shares have been bought than sold by Ames National individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$2,61216 Aug 19
Stephen McGill
EntityIndividual
Role
Unit Board Member
President and Director of State Bank & Trust Co
Shares100
Max PriceUS$26.12
BuyUS$20,00913 Aug 19
John Nelson
EntityIndividual
Role
Chief Executive Officer
President
Shares765
Max PriceUS$26.22
BuyUS$32,81309 Aug 19
John Pierschbacher
EntityIndividual
Role
Member of the Board of Directors
CFO, Secretary & Director
Shares1,250
Max PriceUS$26.25
BuyUS$2,64009 Aug 19
Stephen McGill
EntityIndividual
Role
Unit Board Member
President and Director of State Bank & Trust Co
Shares100
Max PriceUS$26.40
BuyUS$4,01305 Aug 19
Patrick Hagan
EntityIndividual
Shares150
Max PriceUS$26.75
BuyUS$7,83017 Dec 18
Patrick Hagan
EntityIndividual
Shares300
Max PriceUS$26.10
BuyUS$1,38911 Dec 18
Stephen McGill
EntityIndividual
Role
Unit Board Member
President and Director of State Bank & Trust Co
Shares52
Max PriceUS$26.72
BuyUS$2,78007 Dec 18
Stephen McGill
EntityIndividual
Role
Unit Board Member
President and Director of State Bank & Trust Co
Shares100
Max PriceUS$27.80
BuyUS$2,68706 Dec 18
Patrick Hagan
EntityIndividual
Shares100
Max PriceUS$26.87
BuyUS$2,72520 Nov 18
Patrick Hagan
EntityIndividual
Shares100
Max PriceUS$27.25
BuyUS$8,19029 Oct 18
Patrick Hagan
EntityIndividual
Shares300
Max PriceUS$27.30
BuyUS$41,24514 Sep 18
James Larson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$28.00
BuyUS$27,25014 Sep 18
Curtis Hoff
EntityIndividual
Role
Unit Board Member
President & Director of United Bank
Shares1,000
Max PriceUS$27.25
BuyUS$27,75013 Sep 18
Richard Parker
EntityIndividual
Shares1,000
Max PriceUS$27.75
BuyUS$11,12013 Sep 18
David Benson
EntityIndividual
Shares400
Max PriceUS$27.80
BuyUS$13,97513 Sep 18
Thomas Pohlman
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares500
Max PriceUS$28.00
BuyUS$2,09613 Sep 18
Scott Bauer
EntityIndividual
Role
Unit Board Member
President of First National Bank & Director of First National Bank
Shares75
Max PriceUS$27.95
BuyUS$9,82412 Sep 18
David Benson
EntityIndividual
Shares349
Max PriceUS$28.15

Ownership Breakdown


Management Team

  • John Pierschbacher (60yo)

    CFO, Secretary & Director

    • Tenure: 1.5yrs
    • Compensation: US$232.00k
  • Jeff Putzier (57yo)

    President and Director of Boone Bank & Trust Co

    • Tenure: 0.0yrs
    • Compensation: US$200.60k
  • John Nelson (52yo)

    President

    • Tenure: 1.6yrs
    • Compensation: US$417.59k
  • Kevin Deardoff (64yo)

    Senior VP & Director of Technology

    • Tenure: 0.0yrs
  • Steve McGill (64yo)

    President and Director of State Bank & Trust Co

    • Tenure: 0.0yrs
    • Compensation: US$195.17k
  • Scott Bauer (56yo)

    President of First National Bank & Director of First National Bank

    • Tenure: 0.0yrs
    • Compensation: US$279.21k
  • Rick Schreier (51yo)

    President & Director of Reliance State Bank

    • Tenure: 0.0yrs
    • Compensation: US$200.28k
  • Tracy Laws (52yo)

    Controller

    • Tenure: 1.6yrs
  • Jennifer Hanson

    VP & Human Resources Director

    • Tenure: 0.0yrs
  • Joel Jacobsen

    VP & Compliance Officer

    • Tenure: 0.0yrs

Board Members

  • John Pierschbacher (60yo)

    CFO, Secretary & Director

    • Tenure: 1.5yrs
    • Compensation: US$232.00k
  • Betty Baudler Horras (65yo)

    Lead Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$28.20k
  • Tom Pohlman (68yo)

    Chairman of the Board

    • Tenure: 2.3yrs
    • Compensation: US$296.85k
  • Jeff Putzier (57yo)

    President and Director of Boone Bank & Trust Co

    • Tenure: 0.0yrs
    • Compensation: US$200.60k
  • Jami Larson (67yo)

    Director

    • Tenure: 19.3yrs
    • Compensation: US$29.36k
  • John Nelson (52yo)

    President

    • Tenure: 1.6yrs
    • Compensation: US$417.59k
  • Steve McGill (64yo)

    President and Director of State Bank & Trust Co

    • Tenure: 0.0yrs
    • Compensation: US$195.17k
  • Scott Bauer (56yo)

    President of First National Bank & Director of First National Bank

    • Tenure: 0.0yrs
    • Compensation: US$279.21k
  • Rick Schreier (51yo)

    President & Director of Reliance State Bank

    • Tenure: 0.0yrs
    • Compensation: US$200.28k
  • Curt Hoff (56yo)

    President & Director of United Bank

    • Tenure: 7.6yrs

Company Information

Ames National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ames National Corporation
  • Ticker: ATLO
  • Exchange: NasdaqCM
  • Founded: 1903
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$243.913m
  • Shares outstanding: 9.23m
  • Website: https://www.amesnational.com

Number of Employees


Location

  • Ames National Corporation
  • 405 5th Street
  • Ames
  • Iowa
  • 50010
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATLONasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDApr 1995

Biography

Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshal ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:31
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.