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Upturn AI Summary - About
Ames National Corporation(ATLO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ATLO
10/28/2026: ATLO (3-star) is a STRONG-BUY. BUY for 104 days. Simulated Profits (17.13%). Updated daily EoD!
Ames National Corporation is a regional bank holding company focused on providing commercial, agricultural, and consumer banking services through its subsidiaries in central Iowa. The company is known for its conservative lending practices and long-standing community relationships, which have historically supported stable dividends. Its primary opportunity lies in potential regional consolidation and digital modernization, while its main risks include heavy geographic concentration in Iowa and intensifying competition from larger national banking players. The stock is best suited for income-oriented investors who value steady dividend returns and are comfortable with the risks associated with a small-cap regional lender. Investors should monitor shifts in agricultural economic conditions and interest rate trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company exhibits slow, stable growth characteristic of a regional bank rather than high-growth potential. |
| Momentum investor | Weak fit | The stock lacks the rapid price action typically required for momentum trading strategies. |
| Value investor | Strong fit | The bank is often priced based on book value and stable earnings, which can attract value-oriented investors. |
| Dividend investor | Strong fit | The company's consistent history of dividend payments makes it suitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | While stable, the geographic concentration in Iowa creates localized risks that may concern risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | As a small-cap bank, the stock can experience liquidity-driven price swings. |
| Valuation risk | Low | The stock often trades near tangible book value, limiting extreme valuation risk. |
| Competition risk (Regional/National Banking) | Medium / high | The bank faces significant pressure from larger, more technologically advanced competitors. |
| Business quality | Medium | The bank maintains a solid reputation but lacks the scale to achieve significant operational efficiencies. |
| Dividend income | Strong | Dividend payments are a primary component of the total return proposition for shareholders. |
| Execution risk | Medium | Future success depends on the ability to manage loan quality and deposit costs effectively in Iowa. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 50.55% | Avg. Invested days 70 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 301.41M USD | Price to earnings Ratio 11.86 | 1Y Target Price 34 |
Price to earnings Ratio 11.86 | 1Y Target Price 34 | ||
Volume (30-day avg) 20.3K shares | Beta 0.3 | 52 Weeks Range 19.83 - 34.31 | Updated Date 10/27/2026 |
52 Weeks Range 19.83 - 34.31 | Updated Date 10/27/2026 | ||
Dividends yield (FY) 2.73% | Basic EPS (TTM) 2.87 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Net Interest Income | Interest earned on commercial, agricultural, and consumer loans minus interest paid on deposits. | The bank primarily earns money by lending out money at higher rates than it pays to deposit holders. |
| Fee-Based Services | Trust services, deposit account fees, and service charges. | Additional revenue is generated from service fees that help diversify earnings beyond pure lending. |
Earnings Date
Report Date 2026-10-16 | When After Market | Estimate 0.68 | Actual 0.8 |
Profitability
Profit Margin 33.33% | Operating Margin (TTM) 46.36% |
Management Effectiveness
Return on Assets (TTM) 1.22% | Return on Equity (TTM) 12.53% |
Valuation
Trailing PE 11.86 | Forward PE 12.76 | Enterprise Value 256.78M | Price to Sales(TTM) 3.95 |
Enterprise Value 256.78M | Price to Sales(TTM) 3.95 | ||
Enterprise Value to Revenue 3.93 | Enterprise Value to EBITDA - | Shares Outstanding 8.86M | Shares Floating 8.71M |
Shares Outstanding 8.86M | Shares Floating 8.71M | ||
Percent Insiders 1.26 | Percent Institutions 42.08 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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