ATLO Stock Overview
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.
No risks detected for ATLO from our risk checks.
Ames National Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$22.02|
|52 Week High||US$25.55|
|52 Week Low||US$20.16|
|1 Month Change||0.14%|
|3 Month Change||-1.30%|
|1 Year Change||-5.90%|
|3 Year Change||-23.73%|
|5 Year Change||-26.23%|
|Change since IPO||229.27%|
Recent News & Updates
Ames National: High Dividend Yield, Positive Earnings Outlook For Next Year
Summary 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. Provisioning will likely normalize due to higher loan growth and a high-inflation environment. ATLO is offering a high dividend yield for a bank-holding company. Further, the December 2022 target price suggests a small upside.
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. The sharp increase in interest rates also increases unrealized losses and reduces unrealized gains and this had a negative impact on the book value. I still think Ames is attractive at the current prices but I'll keep on monitoring the situation before committing to a long position.
|ATLO||US Banks||US Market|
Return vs Industry: ATLO exceeded the US Banks industry which returned -21.7% over the past year.
Return vs Market: ATLO exceeded the US Market which returned -23.1% over the past year.
|ATLO Average Weekly Movement||1.1%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: ATLO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: ATLO's weekly volatility (1%) has been stable over the past year.
About the Company
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.
Ames National Fundamentals Summary
|ATLO fundamental statistics|
Is ATLO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ATLO income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.37|
|Net Profit Margin||32.78%|
How did ATLO perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Does ATLO pay a reliable dividends?See ATLO dividend history and benchmarks
|Ames National dividend dates|
|Ex Dividend Date||Oct 31 2022|
|Dividend Pay Date||Nov 15 2022|
|Days until Ex dividend||35 days|
|Days until Dividend pay date||50 days|
Does ATLO pay a reliable dividends?See ATLO dividend history and benchmarks
Is ATLO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ATLO?
Other financial metrics that can be useful for relative valuation.
|What is ATLO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ATLO's PE Ratio compare to its peers?
|ATLO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MSBC Mission Bancorp
CHMG Chemung Financial
TCFC Community Financial
ATLO Ames National
Price-To-Earnings vs Peers: ATLO is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (8x).
Price to Earnings Ratio vs Industry
How does ATLO's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: ATLO is good value based on its Price-To-Earnings Ratio (9.3x) compared to the US Banks industry average (9.7x)
Price to Earnings Ratio vs Fair Ratio
What is ATLO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||9.3x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ATLO's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of ATLO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ATLO ($22.02) is trading below our estimate of fair value ($48.3)
Significantly Below Fair Value: ATLO is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Ames National forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ames National has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether Ames National is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
How has Ames National performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATLO has high quality earnings.
Growing Profit Margin: ATLO's current net profit margins (32.8%) are lower than last year (35.1%).
Past Earnings Growth Analysis
Earnings Trend: ATLO's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: ATLO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATLO had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Banks industry average (8.7%).
Return on Equity
High ROE: ATLO's Return on Equity (13.6%) is considered low.
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How is Ames National's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: ATLO's Assets to Equity ratio (13.5x) is moderate.
Allowance for Bad Loans: ATLO has a sufficient allowance for bad loans (143%).
Low Risk Liabilities: 98% of ATLO's liabilities are made up of primarily low risk sources of funding.
Loan Level: ATLO has an appropriate level of Loans to Assets ratio (54%).
Low Risk Deposits: ATLO's Loans to Deposits ratio (59%) is appropriate.
Level of Bad Loans: ATLO has an appropriate level of bad loans (1%).
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What is Ames National current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ATLO's dividend (4.9%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: ATLO's dividend (4.9%) is in the top 25% of dividend payers in the US market (4.57%)
Stability and Growth of Payments
Stable Dividend: ATLO's dividends per share have been stable in the past 10 years.
Growing Dividend: ATLO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.6%), ATLO's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Nelson (55 yo)
Mr. John P. Nelson has been 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 Ch...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD467.12K) is below average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: ATLO's management team is considered experienced (4.3 years average tenure).
Experienced Board: ATLO's board of directors are considered experienced (7.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATLO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|02 Sep 22||BuyUS$6,570||James Larson||Individual||300||US$21.90|
|31 Aug 22||BuyUS$4,400||David Benson||Individual||200||US$22.00|
|31 Aug 22||BuyUS$5,544||Michelle Cassabaum||Individual||252||US$22.00|
|26 Aug 22||BuyUS$4,390||Patrick Hagan||Individual||200||US$21.95|
|25 Aug 22||BuyUS$11,000||James Larson||Individual||500||US$22.00|
|19 Aug 22||BuyUS$11,125||Patrick Hagan||Individual||500||US$22.25|
|16 Aug 22||BuyUS$9,995||Richard Schreier||Individual||448||US$22.31|
|29 Jul 22||BuyUS$1,235||Michelle Cassabaum||Individual||56||US$22.05|
|27 Jul 22||BuyUS$17,705||James Larson||Individual||800||US$22.15|
|15 Jun 22||BuyUS$4,505||Adam Snodgrass||Individual||200||US$22.53|
|14 Jun 22||BuyUS$6,750||Patrick Hagan||Individual||300||US$22.50|
|14 Jun 22||BuyUS$4,500||Lisa Eslinger||Individual||200||US$22.50|
|31 May 22||BuyUS$8,190||Michelle Cassabaum||Individual||357||US$22.94|
|31 May 22||BuyUS$5,024||David Benson||Individual||219||US$22.94|
|31 May 22||BuyUS$1,137||Betty Baudler Horras||Individual||50||US$22.75|
|27 May 22||BuyUS$22,700||Kevin Swartz||Individual||1,000||US$22.70|
|26 May 22||BuyUS$3,431||Betty Baudler Horras||Individual||150||US$22.89|
|26 May 22||BuyUS$4,570||Steven Forth||Individual||200||US$22.85|
|25 May 22||BuyUS$4,570||Scott Bauer||Individual||200||US$22.85|
|20 May 22||BuyUS$4,570||John Pierschbacher||Individual||200||US$22.85|
|20 May 22||BuyUS$4,550||Robert Thomas||Individual||200||US$22.75|
|20 May 22||BuyUS$6,855||James Larson||Individual||300||US$22.85|
|20 May 22||BuyUS$6,870||Jeffrey Putzier||Individual||300||US$22.90|
|19 May 22||BuyUS$11,425||Patrick Hagan||Individual||500||US$22.85|
|19 May 22||BuyUS$4,600||Jeffrey Putzier||Individual||200||US$23.00|
|13 May 22||BuyUS$4,782||Stephen McGill||Individual||200||US$23.91|
|12 May 22||BuyUS$11,505||Patrick Hagan||Individual||500||US$23.01|
|11 May 22||BuyUS$4,650||Thomas Pohlman||Individual||200||US$23.25|
|29 Apr 22||BuyUS$1,246||Michelle Cassabaum||Individual||53||US$23.50|
|29 Apr 22||BuyUS$823||David Benson||Individual||35||US$23.50|
|11 Mar 22||BuyUS$6,270||Patrick Hagan||Individual||264||US$23.75|
|02 Mar 22||BuyUS$7,185||Patrick Hagan||Individual||300||US$23.95|
|28 Feb 22||BuyUS$5,328||Michelle Cassabaum||Individual||222||US$24.00|
|28 Feb 22||BuyUS$5,544||David Benson||Individual||231||US$24.00|
|31 Jan 22||BuyUS$1,242||Michelle Cassabaum||Individual||50||US$24.83|
|31 Jan 22||BuyUS$1,688||David Benson||Individual||68||US$24.83|
|30 Nov 21||BuyUS$5,366||Michelle Cassabaum||Individual||219||US$24.50|
|30 Nov 21||BuyUS$6,199||David Benson||Individual||253||US$24.50|
|29 Oct 21||BuyUS$6,962||Michelle Cassabaum||Individual||294||US$24.40|
|29 Oct 21||BuyUS$7,445||David Benson||Individual||313||US$24.40|
|25 Oct 21||BuyUS$7,050||Patrick Hagan||Individual||300||US$23.50|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Ames National Corporation's employee growth, exchange listings and data sources
- Name: Ames National Corporation
- Ticker: ATLO
- Exchange: NasdaqCM
- Founded: 1903
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$198.008m
- Shares outstanding: 8.99m
- Website: https://www.amesnational.com
Number of Employees
- Ames National Corporation
- 405 5th Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ATLO||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Apr 1995|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/23 00:00|
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.