Ames National (ATLO)
NASDAQ:ATLO
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Ames National
(NASDAQ:ATLO)
Select Model
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Rating:71Outperform
Price Target:
$29.00
â–²(32.66% Upside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by improving financial performance in 2025 (profitability and leverage trends), supported by attractive valuation (low P/E and a solid dividend). Offsetting factors include only moderate technical momentum and lingering uncertainty from historically volatile cash-flow signals.
Positive Factors
Improved leverage and capital
Material de‑leveraging and a larger equity base materially improve financial flexibility and reduce leverage-driven risk. Lower debt and higher equity support regulatory ratios, reduce interest expense sensitivity, and create a durable capital buffer to fund lending, absorb losses, and sustain growth.
Negative Factors
Earnings below prior peaks
Although profitability has rebounded, margins and ROE remain meaningfully below 2020–2022 highs. This suggests earnings power is still recovering and is exposed to cyclicality, which can limit long‑term return potential and constrain capital accumulation in weaker rate or credit environments.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and capital
Material de‑leveraging and a larger equity base materially improve financial flexibility and reduce leverage-driven risk. Lower debt and higher equity support regulatory ratios, reduce interest expense sensitivity, and create a durable capital buffer to fund lending, absorb losses, and sustain growth.
Read all positive factors
Ames National (ATLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$259.52M
Dividend Yield3.49%
Average Volume (3M)22.55K
Price to Earnings (P/E)7.9
Beta (1Y)0.54
Revenue Growth5.89%
EPS Growth82.82%
CountryUS
Employees258
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 Cap1.16
Enterprise Value/Revenue3.06
Enterprise Value/Gross Profit4.61
Enterprise Value/Ebitda12.17
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, and Union counties in central, north-central, and south-central Iowa. The co...
How the Company Makes Money
Ames National primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is the spread between (1) interest earned on loans and other interest-earning assets (e.g., co...
Ames National Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 98.26M | 92.44M | 83.52M | 71.24M | 71.02M |
| Gross Profit | 65.14M | 54.22M | 53.05M | 63.80M | 67.29M |
| EBITDA | 24.67M | 13.93M | 14.64M | 27.16M | 32.70M |
| Net Income | 19.03M | 10.22M | 10.82M | 19.29M | 23.91M |
Balance Sheet | |||||
| Total Assets | 2.13B | 2.13B | 2.16B | 2.13B | 2.14B |
| Cash, Cash Equivalents and Short-Term Investments | 676.43M | 302.18M | 800.39M | 828.99M | 937.05M |
| Total Debt | 60.15M | 99.36M | 164.58M | 79.80M | 42.85M |
| Total Liabilities | 1.93B | 1.96B | 1.99B | 1.99B | 1.93B |
| Stockholders Equity | 207.89M | 174.71M | 165.79M | 149.10M | 207.78M |
Cash Flow | |||||
| Free Cash Flow | 20.70M | 14.00M | 14.31M | 18.37M | 28.60M |
| Operating Cash Flow | 21.34M | 14.30M | 19.21M | 21.23M | 30.47M |
| Investing Cash Flow | 44.21M | 71.98M | 19.06M | -127.38M | -268.57M |
| Financing Cash Flow | -40.02M | -40.15M | -11.05M | 44.91M | 154.13M |
Ames National Technical Analysis
Positive
21.86
Price Trends
27.28
Positive
24.93
Positive
22.03
Positive
Market Momentum
0.60
Negative
78.64
Negative
86.33
Negative
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 27.67, below the 50-day MA of 27.28, and below the 200-day MA of 22.03, indicating a bullish trend. The MACD of 0.60 indicates Negative momentum. The RSI at 78.64 is Negative, neither overbought nor oversold. The STOCH value of 86.33 is Negative, 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 30 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $229.16M | 12.41 | 13.46% | 2.58% | 4.52% | 3.47% | |
72 Outperform | $237.10M | 13.47 | 9.04% | 4.47% | 9.69% | 41.26% | |
71 Outperform | $259.52M | 7.86 | 9.70% | 3.49% | 5.89% | 82.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $184.15M | 35.81 | 3.23% | 2.90% | -1.39% | -88.66% | |
63 Neutral | $214.77M | 12.07 | 9.58% | 2.27% | 10.35% | 22.05% | |
58 Neutral | $242.73M | 9.12 | 11.39% | 2.87% | 9.77% | 76.75% |
* Financial Sector Average
ATLO
Ames National
29.30
13.38
84.09%
NKSH
National Bankshares
37.23
14.09
60.89%
OVBC
Ohio Valley Banc
45.59
17.50
62.27%
PEBK
Peoples Bancorp Of North Carolina
41.77
16.60
65.93%
CBFV
CB Financial Services
36.57
10.55
40.56%
MRBK
Meridian Bank
20.44
7.80
61.70%
Ames National Corporate Events
Executive/Board ChangesDividendsRegulatory Filings and ComplianceShareholder Meetings
Ames National Declares Dividend and Sets Board Nominees
Positive
Feb 13, 2026
Ames National furnished its 2025 Summary Annual Report to investors, clarifying that the material is being provided for informational purposes and will not be treated as filed under the Securities Exchange Act or automatically incorporated into fu...
Business Operations and StrategyFinancial Disclosures
Ames National posts sharply higher fourth-quarter and annual earnings
Positive
Jan 23, 2026
On January 23, 2026, Ames National Corporation reported that net income for the fourth quarter of 2025 nearly doubled year-on-year to $6.5 million, or $0.73 per share, from $3.5 million, or $0.39 per share, in the same period of 2024. For the full...
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.