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ames national corp president buys $3,502 in company stock

Published 26/10/2024, 07:50 am
ATLO
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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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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