Insider Buying: Ames National Co. (NASDAQ:ATLO) President Purchases $10,016.04 in Stock

Ames National Co. (NASDAQ:ATLO) President John Patrick Nelson bought 382 shares of Ames National stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $26.22 per share, with a total value of $10,016.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John Patrick Nelson also recently made the following trade(s):

  • On Friday, August 9th, John Patrick Nelson bought 383 shares of Ames National stock. The shares were acquired at an average price of $26.09 per share, with a total value of $9,992.47.

Shares of NASDAQ ATLO opened at $26.14 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. Ames National Co. has a 12 month low of $24.47 and a 12 month high of $31.30. The stock has a 50 day moving average of $26.94 and a 200-day moving average of $26.93. The company has a market capitalization of $242.84 million, a P/E ratio of 14.20 and a beta of 0.59.



ATLO has been the subject of several research analyst reports. BidaskClub downgraded Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. ValuEngine downgraded Ames National from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA lifted its holdings in Ames National by 534.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,801 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,517 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in Ames National during the 4th quarter worth approximately $80,000. MetLife Investment Advisors LLC acquired a new stake in Ames National during the 4th quarter worth approximately $110,000. Bank of America Corp DE lifted its holdings in Ames National by 22.6% during the 4th quarter. Bank of America Corp DE now owns 10,128 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 1,866 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ames National during the 1st quarter worth approximately $291,000. 23.71% of the stock is owned by institutional investors and hedge funds.

Ames National Company Profile

Ames National Corporation operates as a multi-bank holding company that provides banking services primarily in the central, north-central, and south-central Iowa counties of Boone, Clarke, Hancock, Marshall, Polk, and Story. The company offers a range of deposits, including checking, savings, and accounts; and time deposits of various types, including money market accounts and certificates of deposit.

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Insider Buying and Selling by Quarter for Ames National (NASDAQ:ATLO)

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