Jeffrey K. Putzier, President of a subsidiary bank of Ames National Corp (NASDAQ:ATLO), recently acquired 200 shares of the company's common stock. The transaction, completed on November 5, involved a total purchase value of $3,344, with each share priced at $16.72. Following this acquisition, Putzier now holds 652 shares in the company as a trustee of the Mark Putzier Trust.
InvestingPro Insights
As Jeffrey K. Putzier increases his stake in Ames National Corp (NASDAQ:ATLO), investors might find additional context from recent financial data and expert analysis valuable. According to InvestingPro, ATLO's current market capitalization stands at $151.43 million, with a price-to-earnings ratio of 17.11, suggesting a moderate valuation relative to earnings.
One of the InvestingPro Tips highlights that ATLO has maintained dividend payments for 27 consecutive years, a testament to the company's financial stability and commitment to shareholder returns. This long-standing dividend history aligns well with Putzier's decision to increase his holdings, potentially indicating confidence in the company's future cash flows.
However, it's worth noting that ATLO's revenue growth has been negative, with a -7.53% decline over the last twelve months as of Q3 2024. Despite this, the company remains profitable, as another InvestingPro Tip points out, which could be a factor in Putzier's investment decision.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into ATLO's financial health and future prospects. The platform currently lists several more tips that could be crucial for making informed investment decisions about Ames National Corp.
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