Ames, IA – In a recent transaction on August 6, Ames National Corp (NASDAQ:ATLO) director Betty A. Baudler Horras acquired additional shares of the company's stock, according to a Form 4 filing with the Securities and Exchange Commission. The purchase, which involved 50 shares of common stock, was conducted at a price of $18.4 per share, totaling $919.
The transaction has increased Baudler Horras's holdings to 21,975 shares of Ames National Corp's common stock. As a member of the company's board, her investment decisions are often closely watched by investors seeking insights into the company's performance and potential.
Ames National Corp, based in Ames, Iowa, operates as a financial holding company and is primarily involved in national commercial banking. The company's shares are traded on the NASDAQ under the ticker symbol ATLO, and the recent transaction suggests a continued commitment from the director in the company's future.
The Form 4 filing provides a snapshot of the director's trading activities, including the acquisition of shares. It is a requirement for insiders to disclose their trading activities in a timely manner, offering transparency to investors and the market.
Investors often monitor such insider transactions as they can provide valuable signals about the company's health and the sentiment of its senior leaders. While this purchase by director Baudler Horras is relatively modest, it contributes to the overall picture of insider confidence in the financial institution.
The company has not released any additional comments regarding the transaction. For current and potential investors, such filings can be an important factor to consider when evaluating their investment strategies in relation to Ames National Corp.
InvestingPro Insights
Ames National Corp (NASDAQ:ATLO) has been a topic of interest for investors, especially following the recent insider purchase by director Betty A. Baudler Horras. In the context of this transaction, it's worth noting several key metrics and insights from InvestingPro that could help investors gain a deeper understanding of the company's financial health and potential.
One standout metric is the company's dividend yield, which is currently at 5.84%. This is particularly significant as it speaks to Ames National Corp's commitment to returning value to shareholders. Moreover, the company has a noteworthy track record of maintaining dividend payments for 27 consecutive years, which is an InvestingPro Tip highlighting the financial institution's stability and reliability when it comes to shareholder rewards.
InvestingPro Data also reveals that Ames National Corp has a market capitalization of $166.27 million and a price-to-earnings (P/E) ratio of 17.42, reflecting its current valuation in the market. Additionally, despite recent challenges indicated by a one-week price total return of -14.24%, the company has been profitable over the last twelve months, which is another InvestingPro Tip investors may find reassuring.
While the recent insider purchase is a positive signal, the broader financial data and InvestingPro Tips provide a more comprehensive view of Ames National Corp's performance. For those looking to delve further into the company's financials, InvestingPro offers an array of additional tips to aid in investment decision-making (https://www.investing.com/pro/ATLO).
Current and potential investors can explore more than five additional InvestingPro Tips, which delve into aspects such as shareholder yield, dividend history, and gross profit margins, to better gauge the company's long-term potential and investment quality.
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