Insider Buying: Ames National (NASDAQ:ATLO) Director Acquires $10,127.00 in Stock

Ames National Corporation (NASDAQ:ATLO) Director Douglas Beals purchased 325 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $31.16 per share, for a total transaction of $10,127.00. Following the acquisition, the director owned 3,275 shares of the company’s stock, valued at approximately $102,049. The trade was a 11.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ames National Price Performance

Shares of ATLO opened at $31.76 on Monday. Ames National Corporation has a twelve month low of $19.18 and a twelve month high of $32.30. The company has a market capitalization of $281.39 million, a P/E ratio of 12.31 and a beta of 0.30. The firm has a 50 day moving average of $30.33 and a 200 day moving average of $28.87.

Ames National (NASDAQ:ATLO) last released its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. Ames National had a return on equity of 11.08% and a net margin of 22.64%.The business had revenue of $19.08 million for the quarter. On average, sell-side analysts expect that Ames National Corporation will post 2.72 EPS for the current year.

Ames National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.0%. Ames National’s payout ratio is currently 37.21%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Ames National in a report on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ames National has an average rating of “Hold” and an average price target of $31.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATLO. Russell Investments Group Ltd. boosted its holdings in Ames National by 67.6% in the second quarter. Russell Investments Group Ltd. now owns 1,379 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 556 shares during the last quarter. Royal Bank of Canada raised its stake in Ames National by 210.2% during the 4th quarter. Royal Bank of Canada now owns 1,548 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,049 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Ames National by 148.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,175 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,299 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Ames National by 42.3% during the 4th quarter. Deutsche Bank AG now owns 6,348 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,886 shares during the period. Finally, Larry Mathis Financial Planning LLC bought a new position in shares of Ames National during the 1st quarter valued at $238,000. Institutional investors own 26.47% of the company’s stock.

About Ames National

Ames National Corporation is the bank holding company for Ames National Bank, a full-service community bank headquartered in Ames, Iowa. Through its subsidiary, the company provides a range of commercial and consumer banking products designed to meet the needs of individuals, small businesses, farmers and agribusiness clients in central Iowa. Its network of branch offices serves Story County and neighboring counties, supporting local economic development and community initiatives.

The company’s core offerings include checking and savings accounts, money market and certificate of deposit products, along with online and mobile banking services.