Ames national corp executive buys stock valued at $3,429

Published 04/12/2024, 22:04
Ames national corp executive buys stock valued at $3,429

Scott T. Bauer, President of a subsidiary bank under Ames National Corp (NASDAQ:ATLO), recently purchased 200 shares of the company's common stock. The transaction, dated December 4, 2024, was executed at a price of $17.15 per share, amounting to a total investment of $3,429. Following this acquisition, Bauer's total holdings in the company increased to 3,989 shares. The purchase comes as the stock trades at $17.48, with a price-to-book ratio of 0.86, suggesting potential value in the shares. InvestingPro analysis reveals the company has maintained dividend payments for 27 consecutive years, with a current yield of 4.6%. This transaction underscores Bauer's continued investment in Ames National Corp, a national commercial bank headquartered in Ames, Iowa. With a market capitalization of $157 million and an overall Financial Health score rated as "FAIR" by InvestingPro, the company maintains a stable position in the banking sector. Subscribers to InvestingPro can access additional insights and detailed financial metrics to evaluate banking stocks effectively.

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