Ames National Corporation (ATLO)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Ames National Corporation (ATLO) trades at $29.16 with AI Score 90/100 (Grade A+). Ames National Corporation is a multi-bank holding company providing banking products and services in central Iowa. Market cap: $258.32M, Sector: Financial services.
Price live · AI analysis from May 9, 2026ATLO stock analysis for 2026: Analysts have set a consensus price target of $31.00 for Ames National Corporation, suggesting 6.3% upside from the current price of $29.16. The AI MoonshotScore is 90/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
ATLO: 6/7 perspectives are bullish. Dominant signal: Ken Griffin bearish.
How is this calculated? →Ames National Corporation (ATLO) Financial Services Profile
Ames National Corporation, established in 1903, operates as a multi-bank holding company in central Iowa, offering a range of banking and wealth management services. With a focus on community banking, Ames National Corporation provides deposit accounts, loans, and online banking solutions, serving individuals, businesses, and non-profit organizations.
What Is the Investment Thesis for ATLO?
Ames National Corporation presents a stable investment opportunity within the regional banking sector, supported by its established presence in central Iowa and a diversified range of banking and wealth management services. With a market capitalization of $258.32M and a P/E ratio of 11.9, the company demonstrates consistent profitability, reflected in its 21.6% profit margin and 69.5% gross margin. A dividend yield of 2.94% offers an appealing income stream for investors. Growth catalysts include expanding digital banking services and capitalizing on agricultural lending opportunities in its operating regions. Potential risks involve navigating regulatory changes and managing credit risk within its loan portfolio. The company's low beta of 0.34 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
ATLO Key Highlights
- Market capitalization of $258.32M, indicating a solid valuation within the regional banking sector.
- P/E ratio of 11.9, suggesting the company is reasonably valued compared to its earnings.
- Profit margin of 21.6%, reflecting efficient operations and strong profitability.
- Gross margin of 69.5%, demonstrating effective cost management and revenue generation.
- Dividend yield of 2.94%, providing an attractive income stream for investors.
Who Are ATLO's Competitors?
ATLO is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| HBNC Horizon Bancorp, Inc. | $19.88 | +0.52% | $1.02B | 37 |
| CASH Pathward Financial, Inc. | $89.31 | +0.66% | $1.89B | 92 |
| FFWM First Foundation Inc. | $5.90 | +2.43% | $489.27M | 59 |
| MCHB Mechanics Bank | $16.24 | +0.50% | $3.58B | 71 |
| STLE Steele Bancorp Inc. | $43.05 | -0.67% | $80.01M | 69 |
| NASB NASB Financial, Inc. | $40.30 | +0.00% | $289.22M | 68 |
| CIBEY Commercial International Bank (Egypt) S.A.E | $2.63 | +3.54% | $8.68B | 67 |
| GBOOY Grupo Financiero Banorte, S.A.B. de C.V. | $54.16 | +0.39% | $30.47B | 67 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ATLO's Key Strengths?
- Strong presence in central Iowa.
- Diversified range of banking and wealth management services.
- Established customer relationships.
- Experienced management team.
What Are ATLO's Weaknesses?
- Limited geographic reach.
- Reliance on traditional banking services.
- Smaller size compared to national banks.
- Vulnerability to local economic conditions.
What Could Drive ATLO Stock Higher?
- Launch of enhanced mobile banking platform in Q3 2026.
- Expansion of agricultural lending activities in central Iowa.
- Implementation of a new CRM system to improve customer engagement.
What Are the Key Risks for ATLO?
- Financial-distress signal — its Altman Z-Score of 1.38 sits in the distress zone (elevated bankruptcy risk).
- Increased competition from larger national banks and fintech companies.
- Regulatory changes impacting capital requirements and lending practices.
- Economic downturn in Iowa affecting loan demand and credit quality.
- Interest rate fluctuations impacting net interest margin.
What Are the Growth Opportunities for ATLO?
- Expansion of Digital Banking Services: Ames National Corporation can capitalize on the growing demand for digital banking by enhancing its online and mobile platforms. Investing in user-friendly interfaces, secure transaction capabilities, and personalized financial tools can attract and retain tech-savvy customers. The digital banking market is projected to reach $9 trillion by 2027, offering a substantial growth opportunity. Timeline: Ongoing.
- Increased Agricultural Lending: With a strong presence in agricultural regions of Iowa, Ames National Corporation can expand its lending activities to farmers and agribusinesses. Offering tailored loan products, such as equipment financing and operating lines of credit, can support the growth of the agricultural sector. The agricultural lending market is expected to grow at a rate of 4% annually. Timeline: Ongoing.
- Wealth Management Services: Ames National Corporation can further develop its wealth management services to cater to high-net-worth individuals and families. Offering comprehensive financial planning, investment management, and estate planning services can generate recurring revenue and build long-term client relationships. The wealth management market is projected to reach $145 trillion by 2025. Timeline: Ongoing.
- Strategic Acquisitions: Ames National Corporation can pursue strategic acquisitions of smaller community banks or financial institutions in adjacent markets. This can expand its geographic footprint, increase its customer base, and diversify its revenue streams. The consolidation trend in the banking industry presents opportunities for growth through acquisitions. Timeline: Upcoming.
- Enhanced Customer Relationship Management: Implementing a robust CRM system can improve customer engagement, personalize service offerings, and enhance customer loyalty. By leveraging data analytics, Ames National Corporation can identify customer needs and tailor its products and services accordingly. Effective CRM can lead to increased customer retention and cross-selling opportunities. Timeline: Ongoing.
What Opportunities Does ATLO Have?
- Expansion of digital banking services.
- Increased agricultural lending.
- Strategic acquisitions.
- Enhanced customer relationship management.
What Threats Does ATLO Face?
- Competition from larger national banks and fintech companies.
- Regulatory changes.
- Interest rate fluctuations.
- Economic downturn in Iowa.
What Are ATLO's Competitive Advantages?
- Established presence and brand recognition in central Iowa.
- Strong relationships with local customers and communities.
- Diversified range of banking and wealth management services.
- Experienced management team with local market expertise.
What Does ATLO Do?
Ames National Corporation, founded in 1903 and headquartered in Ames, Iowa, operates as a multi-bank holding company that provides an array of banking products and services. The company’s primary market is in central, north-central, and south-central Iowa, specifically within Boone, Clarke, Hancock, Marshall, Polk, Story, and Union counties. Ames National Corporation offers traditional banking services, including a variety of deposit accounts such as checking, savings, money market accounts, and certificates of deposit. The company also provides a diverse portfolio of loans, encompassing short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, equipment, vehicle, and home improvement loans. Additionally, Ames National Corporation offers personal loans and lines of credit, agricultural and business operating loans and lines of credit, and originates mortgage loans for sale into the secondary market. Beyond traditional banking, Ames National Corporation provides cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit, and automated/video teller machine access services. The company also offers wealth management services, including farm management, investment, and custodial services for individuals, businesses, and non-profit organizations. Ames National Corporation delivers its services through online, mobile, and private banking platforms, emphasizing customer convenience and accessibility.
What Products and Services Does ATLO Offer?
- Accepts deposits, including checking and savings accounts.
- Offers time deposits, such as money market accounts and certificates of deposit.
- Provides commercial and agricultural real estate loans.
- Offers residential real estate loans.
- Provides equipment, vehicle, and home improvement loans.
- Offers personal loans and lines of credit.
- Provides agricultural and business operating loans and lines of credit.
- Originates mortgage loans for sale into the secondary market.
How Does ATLO Make Money?
- Generates revenue from interest income on loans.
- Earns fees from cash management and merchant credit card processing services.
- Provides wealth management services for a fee.
- Originates mortgage loans for sale into the secondary market, generating fee income.
What Industry Does ATLO Operate In?
Ames National Corporation operates within the regional banking industry, which is characterized by increasing competition from larger national banks and fintech companies. The industry is also influenced by regulatory changes and interest rate fluctuations. Market trends include a growing demand for digital banking services and personalized financial advice. Ames National Corporation's focus on community banking and wealth management positions it to capitalize on local market opportunities and build long-term customer relationships. The regional banking sector is expected to see moderate growth, driven by economic expansion in local markets and increased lending activity.
Who Are ATLO's Key Customers?
- Individuals residing in central Iowa.
- Small and medium-sized businesses in the region.
- Agricultural businesses and farmers.
- Non-profit organizations.
FY2026 estForward Outlook
Wall Street analysts project Ames National Corporation revenue of about $75.4M for fiscal 2026, with EPS near $2.70.
F-Score 8/9Financial Health
Ames National Corporation's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 1.38 places it in the distress zone, a signal of elevated financial risk.
ROE 11%Key Financial Metrics
Return on equity for Ames National Corporation stands at 10.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. ATLO trades at a trailing price-to-earnings ratio of 11.90, below the Financial Services sector average of ~18x. Its free cash flow yield is 8.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 53.78 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 8.0%, the inverse of the P/E and a quick read on earnings relative to price.
Ames National Corporation (ATLO) Valuation Context
Valued at $258.32M, ATLO is classified as a micro-cap stock. Relative to its peer group, ATLO's quantitative score of 90/100 is above the peer average of 66/100.
ATLO Revenue & Earnings Trend
In Q1 2026, ATLO generated $25.0M in top-line revenue, marking a sequential decrease of 4.2%. The company recorded net income of $6.0M, with diluted EPS of $0.67. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Financial Services. Across the four most recent quarters, ATLO averaged $0.60 in diluted EPS.
Company Profile
Ames National Corporation operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Ames, US. The company is led by CEO John Nelson. ATLO has traded publicly since 2000.
ATLO Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- ATLO insiders seem to be holding steady, suggesting they're not losing faith in the company's direction. That's often a good sign.
- The community chatter is leaning towards optimism, with many seeing long-term value in ATLO's business model.
- ATLO seems to be navigating the current market conditions with resilience, which is reassuring to investors.
- There's a sense that ATLO is undervalued, with some community members highlighting its growth potential.
Bear Case
- Recent market volatility has created some unease around ATLO, with concerns about broader economic impacts.
- Some community members worry that ATLO might be facing increased competition in its sector.
- There's a feeling that ATLO's growth might be slower than initially anticipated, leading to some disappointment.
- A few voices in the community are expressing concerns about potential regulatory changes affecting ATLO's operations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $25M | $6M | $0.67 |
| Q4 2025 | $26M | $7M | $0.73 |
| Q3 2025 | $24M | $5M | $0.51 |
| Q2 2025 | $24M | $5M | $0.51 |
Based on FMP financials and quantitative analysis
ATLO Latest News
No recent news available for ATLO.
ATLO Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ATLO.
Price Targets
Consensus target: $31.00
ATLO MoonshotScore
What does this score mean?
The MoonshotScore rates ATLO's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: John Nelson
CEO
John Nelson serves as the CEO of Ames National Corporation, bringing extensive experience in the financial services industry. His career spans over two decades, with a focus on community banking and wealth management. Prior to joining Ames National Corporation, Nelson held leadership positions at various regional banks, where he oversaw strategic planning, risk management, and business development. He holds an MBA from a leading business school and is actively involved in community organizations.
Track Record: Under John Nelson's leadership, Ames National Corporation has maintained a consistent growth trajectory, focusing on enhancing customer service and expanding its digital banking capabilities. He has overseen the successful integration of new technologies and the implementation of strategic initiatives to improve operational efficiency. Nelson's leadership has contributed to the company's strong financial performance and its commitment to community development.
Common Questions About ATLO (Financial Services)
What does Ames National Corporation do?
Ames National Corporation operates as a multi-bank holding company, primarily serving central Iowa. The company offers a range of banking products and services, including deposit accounts, loans, and wealth management services. Ames National Corporation focuses on community banking, building long-term relationships with individuals, businesses, and non-profit organizations. The company generates revenue from interest income on loans, fees from cash management and merchant services, and wealth management services.
What do analysts say about ATLO stock?
Analyst coverage of Ames National Corporation (ATLO) is limited, reflecting its smaller market capitalization within the regional banking sector. Key valuation metrics, such as the P/E ratio of 11.9 and dividend yield of 2.94%, suggest a stable investment profile. Growth considerations include the company's ability to expand its digital banking services and capitalize on agricultural lending opportunities. Investors should monitor regulatory changes and economic conditions in Iowa, which could impact the company's performance.
What are the main risks for ATLO?
Ames National Corporation faces several risks, including increased competition from larger national banks and fintech companies, which could erode its market share. Regulatory changes impacting capital requirements and lending practices could increase compliance costs and limit its lending capacity. An economic downturn in Iowa could negatively affect loan demand and credit quality. Interest rate fluctuations could impact the company's net interest margin, affecting its profitability. Managing credit risk within its loan portfolio is also a key concern.
How is Ames National Corporation adapting to fintech disruption?
Ames National Corporation is adapting to fintech disruption by investing in its digital banking platform. This includes enhancing its online and mobile banking services, offering user-friendly interfaces, and implementing secure transaction capabilities. The company is also exploring partnerships with fintech companies to offer innovative financial products and services. By embracing digital transformation, Ames National Corporation aims to attract and retain tech-savvy customers and remain competitive in the evolving banking landscape.
What regulatory challenges does Ames National Corporation face?
Ames National Corporation faces regulatory challenges related to capital requirements, lending practices, and compliance costs. The company must adhere to regulations set by the Federal Deposit Insurance Corporation (FDIC) and other regulatory bodies. These regulations impact the amount of capital the company must hold, the types of loans it can offer, and the procedures it must follow to ensure compliance. Navigating these regulatory challenges requires ongoing investment in compliance infrastructure and expertise.
What are the key factors to evaluate for ATLO?
Ames National Corporation (ATLO) holds an AI score of 90/100 (high). P/E: 11.9x vs the S&P 500's ~20-25x. Analysts target $31.00 (+6%). Not financial advice.
How frequently does ATLO data refresh on this page?
ATLO prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ATLO's recent stock price performance?
Ames National Corporation (ATLO) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong presence in central Iowa. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data as of 2026-05-09.
- Financial metrics are based on the most recent available data.
- Analyst opinions may vary.