In a recent transaction, Justin C. Clausen, the Chief Financial Officer of Ames National Corp (NASDAQ:ATLO), acquired 210 shares of the company's common stock. The shares were purchased at a price of $16.70 each, amounting to a total value of $3,507. Following this transaction, Clausen's total holdings in the company increased to 871 shares.
InvestingPro Insights
Adding context to Justin C. Clausen's recent stock purchase, Ames National Corp (NASDAQ:ATLO) currently has a market capitalization of $154.94 million. The company's P/E ratio stands at 17.57, suggesting a moderate valuation relative to its earnings. This acquisition by the CFO comes at a time when ATLO's stock has experienced a significant decline, with the price falling 16.31% over the last three months.
Despite the recent stock performance, InvestingPro Tips highlight that Ames National Corp has maintained dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns. The company currently offers a dividend yield of 4.64%, which may be attractive to income-focused investors. However, it's worth noting that the dividend growth rate has been negative in the last twelve months, with a decline of 25.93%.
Another InvestingPro Tip reveals that ATLO has been profitable over the last twelve months, which aligns with the CFO's decision to increase his stake in the company. This profitability is reflected in the company's operating income margin of 23.35% for the last twelve months as of Q3 2023.
Investors seeking a more comprehensive analysis can access additional insights through InvestingPro, which offers 5 more tips for ATLO, providing a deeper understanding of the company's financial health and market position.
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