AMES, Iowa – In a recent transaction on August 7, Betty A. Baudler Horras, a director of Ames National Corporation (NASDAQ:ATLO), purchased 50 shares of the company's common stock at a price of $17.9 per share, amounting to a total investment of $894.
This acquisition increases Baudler Horras's direct ownership in the bank holding company to 22,025 shares. The transaction reflects a director's growing stake in the company, which is often seen as a sign of confidence in the firm's future prospects.
Ames National Corporation, headquartered in Ames, Iowa, is a financial holding company with a range of banking and financial services. The company's stock is traded on the NASDAQ exchange under the ticker symbol ATLO.
The purchase by Baudler Horras was disclosed in a filing with the Securities and Exchange Commission dated August 8, which provides public transparency of trading activities of the company's directors and executive officers.
Investors often monitor such insider transactions as they can provide insights into the leadership's perspective on the company's valuation and outlook. However, it is important to note that insider trading activity is just one of many factors that market participants might consider when evaluating a company's financial health and investment potential.
Ames National Corporation has not publicly commented on the transaction.
InvestingPro Insights
Following the recent insider purchase by director Betty A. Baudler Horras, Ames National Corporation (NASDAQ:ATLO) has shown a mix of financial indicators that may interest investors looking for potential opportunities. According to InvestingPro data, the company has a market capitalization of $166.36 million and a Price/Earnings (P/E) ratio of 17.45, which aligns closely with the adjusted P/E ratio for the last twelve months as of Q2 2024 at 17.42.
An InvestingPro Tip highlights that Ames National Corporation has raised its dividend for 4 consecutive years and has maintained dividend payments for 27 consecutive years, reflecting a strong commitment to returning value to shareholders. This could be a reassuring sign for investors, especially considering the current dividend yield stands at an attractive 5.94% as of the last data point in 2024.
However, the company's recent performance shows a decline, with revenue shrinking by 11.87% over the last twelve months as of Q2 2024. This is coupled with a 1-week price total return of -8.91%, indicating that the stock has taken a significant hit recently. Despite these challenges, the company remains profitable over the last twelve months, which is another point of consideration for investors.
For those interested in more detailed analysis and additional insights, there are more InvestingPro Tips available on the platform, providing a deeper dive into Ames National Corporation's financial health and investment potential.
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