Ames National Corp. (ATLO)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$31.82-1.49%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Intact: The reason to own it still holds.
Ames National keeps paying steady dividends of $0.24 per share. Earnings per share are forecasted between $2.70 and $2.80 for 2026. The bank has a price-to-earnings ratio near 12, in line with peers. Analysts expect about 9.5% revenue growth next year.
Earnings could fall below the forecast range, hurting returns. Dividend payouts might be cut if profits weaken. Regional banking risks or economic downturns could pressure growth and margins.
The stock price is about 9% below our valuation level. The market expects roughly 9.5% revenue growth, which aligns with analyst consensus. Our view is consistent with these growth expectations.
Breaks if: Dividend per share falls below $0.24 in any quarter
Continue to declare and pay quarterly cash dividends at consistent levels to shareholders.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on consistent dividend payouts and improving financial metrics. The current thesis state is intact, with recent performance indicating strength within its industry.
The market appears to have priced in a justified valuation, with expectations slightly above average compared to peers. There is a low fragility tier, suggesting that the stock is not overly sensitive to negative news at this time.
Fundamentals are likely to show continued strength, especially in net interest margin and income, which have improved recently. However, there is a moderate risk of missing earnings guidance, given the company's smaller size and recent history.
The long-term thesis hinges on the performance of sector bellwethers and the company's ability to maintain its earnings guidance. Any cuts to guidance could lead to a negative reaction, while continued strong performance in the sector could provide a favorable backdrop.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 3 of last 3 quarters. The Company declared consistent quarterly cash dividends of $0.24 per share in Q1 and Q2 2026, maintaining payout levels. Dividend payments have been stable, delivering on the stated priority.
“On August 12, 2026, Ames National Corporation declared a cash dividend of $0.24 per common share.”
“On May 13, 2026, the Company declared a cash dividend of $0.24 per common share.”
“On February 11, 2026, the Company declared a quarterly cash dividend on common stock equal to $0.24 per share.”
Breaks if: EPS falls below $2.70 or above $2.80 in FY26
Maintain earnings per share guidance in the range of $2.70 to $2.80 for the full fiscal year 2026.
Stated as a priority in 3 of last 3 quarters. The Company forecasted EPS between $2.70 and $2.80 for 2026 and reported $0.67 EPS in both Q1 and Q2 2026, indicating progress consistent with guidance. The trajectory is delivering as expected.
“Earnings per share were $0.67 for Q2 2026, consistent with guidance.”
“Earnings per share were $0.67 for Q1 2026, supporting guidance.”
“The Company is forecasting earnings for the year ending December 31, 2026 in the range of $2.70 to $2.80 per share.”
Breaks if: Revenue growth falls below 9% YoY next year
In the next 1 to 3 years, ATLO's stability and management execution will be crucial for maintaining its positive trajectory. Not investment advice.