Ames National Corp
Ames National Corp (ATLO) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Ames, United States and has 247 employees. The company is worth $284.94M and trades at 12.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $66.83M in fiscal 2025, up 21.9% from the year before. Net income was $19.03M. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.98%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $1.84M. In that quarter, 1 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +31.3% over 5Y.
today you would have $1,618.98▲ +61.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $22.96 | $16.43 | $21.34 | $23.61 | $24.49 | $24.02 | $28.06 | $25.42 | $27.85 | $33.00 | $24.29 | $25.94 | $22.39 | $21.90 | $19.50 | $21.67 | $21.11 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.8% a year plus a 3.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 14.9 across this company’s own years on record.
Cash flow growing 0.8% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 0.3% a year against a 9.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SVIASilvia, Inc. | $3.59 | — | 1.2x | 0.00% | — | $284.96M |
| CUBLionheart Holdings | $10.90 | 181.7x | — | 0.00% | — | $285.17M |
| ATLQJAB Acquisition Corp I | $10.00 | — | 1000.0x | 0.00% | — | $284.62M |
| FUNCFirst United Corp | $44.24 |
| 14.9x |
| 10.7x |
| 14.4x |
| 17.8x |
| 11.0x |
| 9.3x |
| 11.7x |
| 15.1x |
| 13.9x |
| 18.9x |
| 19.5x |
| 15.1x |
| 15.8x |
| 14.9x |
| 14.4x |
| 13.2x |
| 15.8x |
| 22.2x |
| P/S | 4.8x | 3.0x | 2.7x | 3.6x | 3.4x | 3.3x | 3.3x | 4.8x | 4.7x | 5.4x | 6.4x | 4.8x | 5.3x | 5.1x | 5.1x | 4.8x | 5.6x | 5.6x |
| P/B | 1.4x | 1.0x | 0.8x | 1.2x | 1.4x | 1.1x | 1.0x | 1.4x | 1.4x | 1.5x | 1.9x | 1.4x | 1.6x | 1.5x | 1.4x | 1.3x | 1.7x | 1.8x |
| EPS | $2.14 | $1.14 | $1.20 | $2.14 | $2.62 | $2.06 | $1.86 | $1.83 | $1.47 | $1.69 | $1.61 | $1.64 | $1.50 | $1.52 | $1.48 | $1.37 | $0.95 |
| Dividend yield | 3.21% | 3.48% | 6.15% | 5.06% | 4.53% | 4.21% | 4.12% | 3.39% | 4.56% | 3.12% | 2.52% | 3.21% | 2.70% | 2.81% | 2.65% | 2.56% | 1.98% | 2.75% |
| Payout | 48.45% | 37.38% | 88.60% | 90.00% | 50.00% | 39.31% | 48.06% | 51.08% | 63.39% | 59.18% | 49.11% | 48.45% | 42.68% | 42.00% | 38.16% | 33.78% | 31.39% | 61.05% |
| Profit margin | 31.91% | 28.47% | 18.64% | 20.09% | 30.66% | 35.94% | 28.79% | 31.91% | 34.01% | 28.41% | 32.78% | 31.79% | 33.39% | 33.97% | 35.67% | 36.77% | 35.67% | 25.41% |
| ROE | 9.53% | 9.15% | 5.85% | 6.52% | 12.94% | 11.51% | 9.00% | 9.17% | 9.84% | 8.02% | 9.53% | 9.31% | 9.86% | 9.82% | 9.80% | 10.35% | 10.68% | 8.02% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-17.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 11.5x |
| 1.3x |
| 2.53% |
| 12.42% |
| $285.52M |
| OVLYOak Valley Bancorp | $33.95 | 12.0x | 1.3x | 2.21% | 11.64% | $285.61M |
| TVAIThayer Ventures Acquisition Corp II | $10.44 | 49.7x | — | 0.00% | — | $283.92M |