Scott T. Bauer, President of a subsidiary bank of Ames National Corp (NASDAQ:ATLO), recently purchased 200 shares of the company's common stock. The acquisition, completed on October 25, 2024, was made at an average price of $16.72 per share, totaling approximately $3,344. Following this transaction, Bauer holds a total of 3,789 shares in the company. This purchase reflects Bauer's ongoing investment in the company, which is headquartered in Ames, Iowa.
InvestingPro Insights
Scott T. Bauer's recent purchase of Ames National Corp (NASDAQ:ATLO) shares aligns with some interesting financial metrics and trends highlighted by InvestingPro. As of the latest data, ATLO's stock is trading at a Price to Book ratio of 0.82, suggesting the stock may be undervalued relative to its book value. This could explain Bauer's decision to increase his stake in the company.
Despite recent challenges, including a 15.34% price decline over the past three months, ATLO maintains a solid dividend yield of 4.5%. An InvestingPro Tip notes that the company has maintained dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns even in challenging times. This long-standing dividend policy might be particularly appealing to investors like Bauer who are looking for steady income streams.
It's worth noting that ATLO's P/E ratio stands at 16.97, which is relatively modest and could indicate potential value for investors. However, the company faces some headwinds, as evidenced by a revenue decline of 7.53% over the last twelve months.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into ATLO's financial health and prospects.
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