Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. More Details
No risks detected for ATLO from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has Ames National's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATLO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ATLO's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: ATLO underperformed the US Banks industry which returned 56.9% over the past year.
Return vs Market: ATLO underperformed the US Market which returned 56.3% over the past year.
Long-Term 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
5 hours ago | Simply Wall StIs Ames National Corporation (NASDAQ:ATLO) A Smart Pick For Income Investors?
1 month ago | Simply Wall StI Built A List Of Growing Companies And Ames National (NASDAQ:ATLO) Made The Cut
2 months ago | Simply Wall StAmes National Corporation (NASDAQ:ATLO) Goes Ex-Dividend Soon
Is Ames National undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ATLO ($25.55) is trading below our estimate of fair value ($31.88)
Significantly Below Fair Value: ATLO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ATLO is good value based on its PE Ratio (12.4x) compared to the US Banks industry average (13.3x).
PE vs Market: ATLO is good value based on its PE Ratio (12.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ATLO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ATLO's PB Ratio (1.1x) is in line with the US Banks industry average.
How is Ames National forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Ames National performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATLO has high quality earnings.
Growing Profit Margin: ATLO's current net profit margins (31.9%) are lower than last year (33.1%).
Past Earnings Growth Analysis
Earnings Trend: ATLO's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: ATLO's earnings growth over the past year (9.7%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: ATLO earnings growth over the past year (9.7%) exceeded the Banks industry 1.4%.
Return on Equity
High ROE: ATLO's Return on Equity (9%) is considered low.
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
Financial Institutions Analysis
Asset Level: ATLO's Assets to Equity ratio (9.4x) is low.
Allowance for Bad Loans: ATLO has a sufficient allowance for bad loans (112%).
Low Risk Liabilities: 97% 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 (57%).
Low Risk Deposits: ATLO's Loans to Deposits ratio (66%) is appropriate.
Level of Bad Loans: ATLO has an appropriate level of bad loans (1.3%).
What is Ames National current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ATLO's dividend (3.91%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: ATLO's dividend (3.91%) is in the top 25% of dividend payers in the US market (3.5%)
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
Dividend Coverage: With its reasonably low payout ratio (48.5%), 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 and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Nelson (53 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 ($USD459.14K) is below average for companies of similar size in the US market ($USD961.12K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: ATLO's management team is seasoned and experienced (9.3 years average tenure).
Experienced Board: ATLO's board of directors are considered experienced (8.6 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ames National Corporation's company bio, employee growth, exchange listings and data sources
- Name: Ames National Corporation
- Ticker: ATLO
- Exchange: NasdaqCM
- Founded: 1903
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$232.174m
- Shares outstanding: 9.12m
- Website: https://www.amesnational.com
Number of Employees
- Ames National Corporation
- 405 5th Street
- Box 846
- United States
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/12 23:37|
|End of Day Share Price||2021/04/12 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.