Jeffrey K. Putzier, President of a subsidiary bank of Ames National Corp (NASDAQ:ATLO), has acquired 200 shares of common stock, according to a recent SEC filing. The shares were purchased at a price of $16.93 each, totaling $3,386. Following this transaction, Putzier now holds a total of 3,627 shares directly.
InvestingPro Insights
Adding context to Jeffrey K. Putzier's recent stock acquisition, Ames National Corp (NASDAQ:ATLO) currently presents an interesting financial profile. The company's stock is trading at a Price to Book ratio of 0.82, suggesting it may be undervalued relative to its book value. This could align with Putzier's decision to increase his stake in the company.
Despite recent challenges, including a 7.53% revenue decline over the last twelve months, ATLO maintains a solid dividend yield of 4.5%. An InvestingPro Tip highlights that the company has maintained dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns even in challenging times.
Another InvestingPro Tip notes that ATLO's price has fallen significantly over the last three months, which is reflected in the 15.34% three-month price total return. This recent dip might have presented an attractive entry point for insiders like Putzier.
For investors seeking a more comprehensive analysis, InvestingPro offers 5 additional tips for ATLO, providing deeper insights into the company's financial health and market position.
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