Thomas Robert A, President of a subsidiary bank of Ames National Corp (NASDAQ:ATLO), recently acquired 200 shares of the company's common stock. This transaction, which took place on October 25, 2024, was executed at a price of $17.51 per share, amounting to a total purchase value of $3,502. Following this acquisition, Thomas now holds a total of 2,100 shares directly.
InvestingPro Insights
In light of Thomas Robert A's recent share acquisition, it's worth noting some key financial metrics and insights about Ames National Corp (NASDAQ:ATLO) from InvestingPro. The company's market capitalization stands at $150.17 million, with a P/E ratio of 16.97, suggesting a moderate valuation relative to earnings.
An InvestingPro Tip highlights that ATLO has maintained dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns. This is particularly relevant given the insider purchase, as it may indicate confidence in the company's ability to sustain its dividend policy. Currently, ATLO offers a dividend yield of 4.5%, which could be attractive to income-focused investors.
However, another InvestingPro Tip points out that the stock price has fallen significantly over the last three months, with a three-month price total return of -15.34%. This recent decline might explain why an insider sees value in acquiring shares at current levels.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights. There are 5 more InvestingPro Tips available for ATLO, which could provide further context to the company's financial health and market position.
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