AMES, IA – In a recent transaction on September 4, Betty A. Baudler Horras, a director of Ames National Corp (NASDAQ:ATLO), purchased 50 shares of the company's common stock at a price of $18.00 per share, totaling $900. The acquisition was disclosed in a regulatory filing with the Securities and Exchange Commission.
Baudler Horras's purchase signals her continued investment in the bank holding company, which operates through its subsidiaries with a focus on national commercial banking services. Following the transaction, the director now directly owns a total of 22,075 shares in Ames National Corp.
Investors often monitor insider buying and selling as it can provide insights into the executive's perspective on the company's current valuation and future prospects. The straightforward purchase by Baudler Horras thus might be interpreted by the market as a positive sign regarding the company's performance and potential.
Ames National Corp's shares are publicly traded on the NASDAQ stock exchange under the ticker symbol ATLO. The company's banking operations are primarily located in the state of Iowa, offering a range of personal and commercial banking services, including savings accounts, loans, and investment services.
The transaction was officially signed off on September 5 by power of attorney, John P. Nelson, as indicated in the SEC filing. The details of such transactions are routinely reported to the SEC and are accessible to the public for review.
InvestingPro Insights
As Ames National Corp (NASDAQ:ATLO) catches the attention of the market with insider transactions, current and potential investors might find the recent data and analysis from InvestingPro particularly insightful. The company, which has been a reliable dividend payer, boasts a high shareholder yield and has increased its dividend for 4 consecutive years, underscoring a commitment to returning value to shareholders. Impressively, Ames National Corp has maintained dividend payments for an unbroken span of 27 years, a testament to its financial resilience and stability.
InvestingPro Data points out that Ames National Corp has a market capitalization of $163.3 million and trades with a price-to-earnings (P/E) ratio of 17.1, based on the last twelve months as of Q2 2024. This valuation metric provides a glimpse into how the market currently values the earnings power of the company. Additionally, the company's price-to-book ratio stands at 0.98, suggesting that the stock might be trading at nearly its book value. Despite a revenue decline of 12.16% over the last twelve months as of Q2 2024, the company has managed to maintain a strong operating income margin of 25.12%, indicating effective cost management and operational efficiency.
For those interested in delving deeper into the company's financial health and future outlook, there are additional InvestingPro Tips available at Investing.com. These tips include a detailed analysis of the company's profit margins, earnings stability, and other key financial metrics. Currently, there are over four additional tips listed on InvestingPro for Ames National Corp, providing a more comprehensive understanding of the company's financial picture.
With a dividend yield of 4.41% as of the last recorded date, Ames National Corp stands out as an attractive option for income-seeking investors. The company's track record of profitable performance over the last twelve months further bolsters investor confidence. While the recent insider purchase by director Betty A. Baudler Horras may be a positive signal, the holistic data provided by InvestingPro offers a broader context for evaluating the company's investment potential.
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