Ames National: Market's Overreaction To Dividend Cut Creates Opportunity (Rating Upgrade)
Source: SeekingAlpha
2025-01-08 15:18:08 ET
Summary
- Ames National's stock price has plunged over the last six months, mostly due to a dividend cut.
- There is hope for an earnings revival because the fast-moving deposit costs will likely fall while the slow-moving asset yields will rise in 2025.
- Loan growth will likely continue at the rate seen in 2023 as the drivers are stable.
- I’m upgrading ATLO to buy because of a 13.5% price upside and a 4.9% dividend yield.
Read the full article on Seeking Alpha
For further details see:
Ames National: Market's Overreaction To Dividend Cut Creates Opportunity (Rating Upgrade)
Ames National Corporation
NASDAQ: ATLO
ATLO Trading
0.45% G/L:
$26.63 Last:
23,129 Volume:
$26.77 Open:
