AMES, IA – In a recent transaction, Betty A. Baudler Horras, a director at AMES National Corp (NASDAQ:ATLO), purchased shares of the company's common stock, reflecting continued confidence in the financial institution's prospects. The transaction, which took place on August 5, 2024, involved the acquisition of 50 shares at a price of $18.3426 per share, totaling approximately $917.
This purchase adds to Baudler Horras' holdings in the company, bringing her total ownership to 21,925 shares of AMES National Corp's common stock. Such transactions are often seen by investors as a sign of an insider's bullish view on the company's future performance.
AMES National Corp, based in Ames, Iowa, operates as a financial holding company and is well recognized in the national commercial banking sector. The company's stock is traded under the ticker symbol ATLO on the NASDAQ.
The acquisition by the director provides a glimpse into the actions of AMES National Corp's insiders and may be of interest to current and potential investors. It's worth noting that insider transactions are closely monitored as they can provide insights into a company's internal perspective on its financial health and business outlook.
Investors and market watchers often look to such insider buying patterns as part of their analysis when considering an investment in a company. However, it is important to consider a wide array of factors when evaluating the potential of a stock.
The recent filing with the SEC ensures transparency and allows the public to stay informed about the trading activities of the company's directors and executives.
InvestingPro Insights
AMES National Corp's recent insider purchase coincides with a period of notable financial metrics and shareholder activity as reflected in the latest data from InvestingPro. The company has a market capitalization of $166.09 million and a P/E ratio that stands at 17.24, with the adjusted P/E ratio for the last twelve months as of Q2 2024 slightly higher at 17.39. This valuation comes at a time when the company has experienced a revenue decline of 11.87% over the last twelve months, indicating potential challenges in the company's top-line growth.
One InvestingPro Tip that stands out is the high shareholder yield, which is further emphasized by the company's impressive dividend track record. AMES National Corp has not only maintained dividend payments for 27 consecutive years but has also raised its dividend for the last four years. This consistent return to shareholders is particularly compelling in the current financial landscape and underscores the company's commitment to shareholder value, a point of interest for income-focused investors.
Another aspect to consider is the company's stock performance. The price has seen a significant dip over the last week, with a -14.61% total return, which might raise concerns or present a buying opportunity, depending on investor sentiment and market conditions. Despite this recent hit, the dividend yield as of the last recorded date stands at an attractive 5.99%, a figure that income investors would find appealing.
For those interested in a deeper dive into AMES National Corp's financial health and future prospects, InvestingPro offers additional insights. There are currently 5 more InvestingPro Tips available, which can provide a more comprehensive understanding of the company's financial position and market performance. These tips and real-time metrics, including the InvestingPro Fair Value estimate of $15.26 for ATLO, can be accessed for further investment analysis and decision-making support.
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