Ames National (ATLO) Earning Somewhat Favorable Press Coverage, Study Shows

News articles about Ames National (NASDAQ:ATLO) have trended somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ames National earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.8904373390581 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Shares of Ames National (ATLO) traded up $0.30 during mid-day trading on Wednesday, hitting $28.40. 582 shares of the stock traded hands, compared to its average volume of 8,250. Ames National has a 12 month low of $26.60 and a 12 month high of $37.45. The stock has a market cap of $259.31, a price-to-earnings ratio of 17.75 and a beta of 0.69.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.10%. The ex-dividend date is Wednesday, January 31st. Ames National’s dividend payout ratio (DPR) is presently 55.00%.

Ames National declared that its board has approved a stock buyback program on Thursday, November 9th that allows the company to repurchase 100,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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About Ames National

Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations 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.

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