Ames National Corp (NASDAQ: ATLO) has reported E.P.S. of $0.24 for its fourth fiscal quarter (ending December 31) versus $0.49 for the same period a year ago — a decline of -51%. For the latest four quarters through December 31, E.P.S. were $1.20 versus $2.14 for the same period a year ago — a decline of -44%.
Recent Price Action
Ames National Corp (NASDAQ: ATLO) stock enjoyed a large increase of 2.3% on 1/19/24. The stock closed at $19.74. However, exceptionally low trading volume at 37% of normal accompanied the advance. The stock has declined -1.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ATLO is expected to continue to be a Value Builder.
Ames National has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ames National has a neutral Appreciation Score of 56 but a good Power Rating of 73, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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