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Ames National
(NASDAQ:ATLO)
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Rating:72Outperform
Price Target:
$35.00
â–²(60.11% Upside)
Action:Reiterated
Date:08/17/26
ATLO scores well primarily due to improved financial performance—rebounding profitability and a materially strengthened balance sheet—supported by constructive price trends and reasonable valuation with a solid dividend yield. The main offsets are earnings/cash-flow cyclicality and some signs of stretched near-term momentum (high stochastic).
Positive Factors
Revenue and Margin Recovery
The rebound in revenue and profitability indicates stronger earning power across the bank’s lending and deposit franchise. If sustained, improved margins can support internal capital generation and provide a stronger base for dividends and future growth.
Negative Factors
Cyclical Earnings
The pronounced swings in profitability show that earnings are not yet consistently durable. Changes in funding costs, loan demand, credit losses, and interest rates can materially affect net interest income and regional-bank results.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Recovery
The rebound in revenue and profitability indicates stronger earning power across the bank’s lending and deposit franchise. If sustained, improved margins can support internal capital generation and provide a stronger base for dividends and future growth.
Read all positive factors
Ames National (ATLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$284.32M
Dividend Yield2.81%
Average Volume (3M)22.55K
Price to Earnings (P/E)12.1
Beta (1Y)0.37
Revenue Growth7.03%
EPS Growth69.03%
CountryUS
Employees260
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)N/A
Shares Outstanding8,857,220
10 Day Avg. Volume38,730
30 Day Avg. Volume22,548
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.99
Price to Sales (P/S)2.09
P/FCF Ratio9.90
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ames National Business Overview & Revenue Model
Company Description
Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa...
How the Company Makes Money
Ames National primarily makes money through traditional community banking activities. The core earnings driver is net interest income: it earns interest and fees on loans (including commercial, agricultural, and real estate-related lending) and on...
Ames National Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.45M | 98.26M | 92.44M | 83.52M | 71.24M | 71.02M |
| Gross Profit | 72.08M | 65.14M | 54.22M | 53.05M | 63.80M | 67.29M |
| EBITDA | 29.79M | 24.67M | 13.93M | 14.64M | 27.16M | 32.70M |
| Net Income | 22.96M | 19.03M | 10.22M | 10.82M | 19.29M | 23.91M |
Balance Sheet | ||||||
| Total Assets | 2.12B | 2.13B | 2.13B | 2.16B | 2.13B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 807.68M | 676.43M | 302.18M | 800.39M | 828.99M | 937.05M |
| Total Debt | 47.35M | 60.15M | 99.36M | 164.58M | 79.80M | 42.85M |
| Total Liabilities | 1.91B | 1.93B | 1.96B | 1.99B | 1.99B | 1.93B |
| Stockholders Equity | 213.09M | 207.89M | 174.71M | 165.79M | 149.10M | 207.78M |
Cash Flow | ||||||
| Free Cash Flow | 21.64M | 20.70M | 14.00M | 14.31M | 18.37M | 28.60M |
| Operating Cash Flow | 22.00M | 21.34M | 14.30M | 19.21M | 21.23M | 30.47M |
| Investing Cash Flow | -11.31M | 44.21M | 71.98M | 19.06M | -127.38M | -268.57M |
| Financing Cash Flow | 1.34M | -40.02M | -40.15M | -11.05M | 44.91M | 154.13M |
Ames National Technical Analysis
Positive
21.86
Price Trends
30.29
Positive
29.29
Positive
26.66
Positive
Market Momentum
0.50
Negative
55.25
Neutral
75.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ATLO, the sentiment is Positive. The current price of 21.86 is below the 20-day moving average (MA) of 31.06, below the 50-day MA of 30.29, and below the 200-day MA of 26.66, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 55.25 is Neutral, neither overbought nor oversold. The STOCH value of 75.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ATLO.
Ames National Risk Analysis
Ames National disclosed 31 risk factors in its most recent earnings report. Ames National reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ames National Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $275.15M | 12.95 | 10.92% | 4.47% | 5.28% | 79.93% | |
78 Outperform | $247.13M | 13.11 | 12.75% | 2.30% | 2.52% | 16.60% | |
74 Outperform | $213.13M | 14.85 | 8.37% | 2.28% | 5.77% | 2.59% | |
72 Outperform | $284.32M | 12.12 | 11.08% | 3.49% | 7.03% | 69.03% | |
69 Neutral | $189.24M | 26.37 | 4.57% | 3.01% | -9.31% | -37.86% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $238.82M | 9.33 | 12.25% | 2.67% | 1.05% | 13.95% |
* Financial Sector Average
ATLO
Ames National
31.73
13.48
73.83%
NKSH
National Bankshares
40.83
12.85
45.92%
OVBC
Ohio Valley Banc
44.66
9.74
27.89%
PEBK
Peoples Bancorp Of North Carolina
43.96
15.12
52.43%
CBFV
CB Financial Services
37.62
6.96
22.69%
MRBK
Meridian Bank
19.59
5.25
36.59%
Ames National Corporate Events
Dividends
Ames National Declares Quarterly Cash Dividend to Shareholders
Positive
Aug 13, 2026
On August 12, 2026, Ames National Corporation declared a cash dividend of $0.24 per common share, reinforcing its pattern of returning capital to shareholders. The dividend will be paid on September 15, 2026, to shareholders of record as of the cl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.