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Ames National: High Dividend Yield Does Not Appear To Be Worth It

Aug. 31, 2023 5:48 AM ETAmes National Corporation (ATLO)
Sheen Bay Research profile picture
Sheen Bay Research


  • Following the first half's disappointing performance, I've reduced my estimate for the net interest income for this year.
  • I'm now expecting earnings to dip by 39% YoY. Previously, I was expecting a decline of 11%.
  • ATLO is offering a high dividend yield of 5.9%. The current market price is close to the year-ahead target price.
  • High unrealized losses make the risk level moderately high.

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Earnings of Ames National Corporation (NASDAQ:ATLO) will most probably plunge this year on the back of continued margin pressure. I'm expecting the company to report earnings of $1.30 per share in 2023, down 39% year-over-year. Compared to my

This article was written by

Sheen Bay Research profile picture
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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