Ames National Corp (NASDAQ: ATLO) has reported E.P.S. of $0.24 for its second fiscal quarter (ending June 30) versus $0.28 for the same period a year ago — a decline of -14%. For the latest four quarters through June 30, E.P.S. were $1.07 versus $1.75 for the same period a year ago — a decline of -39%.
Recent Price Action
On 7/19/24, Ames National Corp (NASDAQ: ATLO) stock declined by -2.3%, closing at $20.98. Moreover, trading volume in this decline was above average at 133% of normal. The stock has performed in line with the market over the last nine months and has risen 2.3% during the last week.
Current PriceTarget Research Rating
ATLO’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Ames National has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ames National has a neutral Appreciation Score of 46 and a neutral Power Rating of 53, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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