(ATLO) Ames National - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0310011004

Stock: Deposits, Loans, Cards, Wealth, Digital

Total Rating 52

Risk 41

Buy Signal 1.60

Banks - Regional » Regional Banks
Age: 26y

Market Cap: 190m
Avg Trading Vol: 678K USD

ATR: 2.48%
Peers RS (IBD): 98.00

EPS (Earnings per Share)

EPS CAGR: -3.24%
EPS Trend: -34.6%

Last SUE: 3.66
Qual. Beats: 4

Revenue

Rev. CAGR: 12.76%
Rev. Trend: 96.8%

Qual. Beats: 0

Dividends

Dividend Yield	3.08%
Yield on Cost 5y	3.31%
Yield CAGR 5y	-6.12%
Payout Consistency	93.4%
Payout Ratio	33.4%

Risk 5d forecast
Volatility	26.3%
Relative Tail Risk	-7.73%

Reward TTM
Sharpe Ratio	1.89
Alpha	49.12

Character TTM
Beta	0.422
Beta Downside	0.266

Drawdowns 3y
Max DD	36.53%
CAGR/Max DD	0.28

Description: ATLO Ames National December 20, 2025

Ames National Corporation (NASDAQ: ATLO) is a community-bank holding company headquartered in Ames, Iowa, serving nine counties across central, north-central, and south-central Iowa. It offers a full suite of deposit products (checking, savings, money-market, CDs) and a diversified loan portfolio that includes commercial, agricultural, residential, equipment, consumer, and mortgage loans, alongside cash-management, merchant-card processing, and wealth-management services.

As of the latest quarter, ATLO reported a net interest margin of 4.1%-above the regional-bank average of roughly 3.6%-driven by a steepening yield curve and higher Fed rates. Loan-to-deposit ratio sits near 78%, indicating a balanced growth of assets versus funding, while the efficiency ratio improved to 58% after cost-cutting initiatives. The company’s performance is closely tied to Iowa’s agricultural cycle and the broader credit-quality outlook for midsize farms, which can be a leading indicator for loan-loss provisions in this sector.

For a deeper, data-driven look at ATLO’s valuation dynamics, you may find ValueRay’s analytical tools worth exploring.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 19.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.28 > 1.0
NWC/Revenue: 1589 % < 20% (prev -1716 %; Δ 3305 % < -1%)
CFO/TA 0.01 > 3% & CFO 19.8m > Net Income 19.0m
Net Debt (-20.5m) to EBITDA (24.7m): -0.83 < 3
Current Ratio: 4.95 > 1.5 & < 3
Outstanding Shares: last quarter (8.92m) vs 12m ago -0.29% < -2%
Gross Margin: 66.29% > 18% (prev 0.59%; Δ 6570 % > 0.5%)
Asset Turnover: 4.61% > 50% (prev 4.33%; Δ 0.27% > 0%)
Interest Coverage Ratio: 0.74 > 6 (EBITDA TTM 24.7m / Interest Expense TTM 31.4m)

Altman Z'' 5.28

A: 0.73 (Total Current Assets 1.96b - Total Current Liabilities 395.1m) / Total Assets 2.13b
B: 0.09 (Retained Earnings 196.0m / Total Assets 2.13b)
C: 0.01 (EBIT TTM 23.2m / Avg Total Assets 2.13b)
D: 0.10 (Book Value of Equity 195.8m / Total Liabilities 1.93b)
Altman-Z'' Score: 5.28 = AAA

Beneish M 1.00

DSRI: 86.87 (Receivables 1.28b/13.9m, Revenue 98.3m/92.4m)
GMI: 0.88 (GM 66.29% / 58.65%)
AQI: 0.09 (AQ_t 0.07 / AQ_t-1 0.84)
SGI: 1.06 (Revenue 98.3m / 92.4m)
TATA: -0.00 (NI 19.0m - CFO 19.8m) / TA 2.13b)
Beneish M-Score: 67.05 (Cap -4..+1) = D

What is the price of ATLO shares?

As of February 07, 2026, the stock is trading at USD 27.95 with a total of 61,673 shares traded.
Over the past week, the price has changed by +7.09%, over one month by +21.42%, over three months by +33.88% and over the past year by +56.89%.

Is ATLO a buy, sell or hold?

Ames National has no consensus analysts rating.

What are the forecasts/targets for the ATLO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	-	-
Analysts Target Price	-	-
ValueRay Target Price	33.6	20.3%

ATLO Fundamental Data Overview February 02, 2026

P/E Trailing = 11.8444
P/S = 3.5274
P/B = 1.112
Revenue TTM = 98.3m USD
EBIT TTM = 23.2m USD
EBITDA TTM = 24.7m USD
Long Term Debt = 23.5m USD (from longTermDebt, two quarters ago)
Short Term Debt = 38.8m USD (from shortTermDebt, last quarter)
Debt = 60.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -20.5m USD (from netDebt column, last quarter)
Enterprise Value = -426.7m USD (189.6m + Debt 60.2m - CCE 676.4m)
Interest Coverage Ratio = 0.74 (Ebit TTM 23.2m / Interest Expense TTM 31.4m)
EV/FCF = -22.06x (Enterprise Value -426.7m / FCF TTM 19.3m)
FCF Yield = -4.53% (FCF TTM 19.3m / Enterprise Value -426.7m)
FCF Margin = 19.69% (FCF TTM 19.3m / Revenue TTM 98.3m)
Net Margin = 19.36% (Net Income TTM 19.0m / Revenue TTM 98.3m)
Gross Margin = 66.29% ((Revenue TTM 98.3m - Cost of Revenue TTM 33.1m) / Revenue TTM)
Gross Margin QoQ = 71.61% (prev 65.43%)
Tobins Q-Ratio = -0.20 (set to none) (Enterprise Value -426.7m / Total Assets 2.13b)
Interest Expense / Debt = 12.31% (Interest Expense 7.41m / Debt 60.2m)
Taxrate = 21.31% (1.76m / 8.28m)
NOPAT = 18.3m (EBIT 23.2m * (1 - 21.31%))
Current Ratio = 4.95 (Total Current Assets 1.96b / Total Current Liabilities 395.1m)
Debt / Equity = 0.29 (Debt 60.2m / totalStockholderEquity, last quarter 207.9m)
Debt / EBITDA = -0.83 (Net Debt -20.5m / EBITDA 24.7m)
Debt / FCF = -1.06 (Net Debt -20.5m / FCF TTM 19.3m)
Total Stockholder Equity = 196.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.89% (Net Income 19.0m / Total Assets 2.13b)
RoE = 9.70% (Net Income TTM 19.0m / Total Stockholder Equity 196.1m)
RoCE = 10.57% (EBIT 23.2m / Capital Employed (Equity 196.1m + L.T.Debt 23.5m))
RoIC = 8.22% (NOPAT 18.3m / Invested Capital 222.2m)
WACC = 8.00% (E(189.6m)/V(249.7m) * Re(7.47%) + D(60.2m)/V(249.7m) * Rd(12.31%) * (1-Tc(0.21)))
Discount Rate = 7.47% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.38%
[DCF Debug] Terminal Value 74.54% ; FCFF base≈17.0m ; Y1≈13.7m ; Y5≈9.50m
Fair Price DCF = 21.97 (EV 174.9m - Net Debt -20.5m = Equity 195.4m / Shares 8.89m; r=8.00% [WACC]; 5y FCF grow -22.98% → 2.90% )
EPS Correlation: -34.60 | EPS CAGR: -3.24% | SUE: 3.66 | # QB: 4
Revenue Correlation: 96.77 | Revenue CAGR: 12.76% | SUE: N/A | # QB: 0

Additional Sources for ATLO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle