AMES, Iowa—Michael A. Wilson, Executive Vice President of Ames National Corp (NASDAQ:ATLO), recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. On October 30 and November 4, Wilson purchased a total of 500 shares of common stock, with transaction prices ranging from $16.35 to $17.05 per share. This acquisition amounts to a total value of $8,350. Following these transactions, Wilson's total direct ownership stands at 1,200 shares.
These transactions reflect Wilson's continued investment in Ames National Corp, a financial institution based in Ames, Iowa.
InvestingPro Insights
Michael A. Wilson's recent purchase of Ames National Corp (NASDAQ:ATLO) shares aligns with some interesting financial metrics and trends for the company. According to InvestingPro data, ATLO's stock is currently trading at a price-to-book ratio of 0.82, suggesting it may be undervalued relative to its book value. This could explain Wilson's decision to increase his stake in the company.
Despite recent challenges, including a revenue decline of 7.53% over the last twelve months, ATLO maintains a solid dividend yield of 4.92%. An InvestingPro Tip highlights that the company has maintained dividend payments for 27 consecutive years, demonstrating a commitment to shareholder returns even in challenging times. This long-standing dividend history may be attractive to investors like Wilson who are looking for stable income streams.
Another InvestingPro Tip notes that ATLO has been profitable over the last twelve months, with an operating income margin of 23.35%. This profitability, combined with the company's dividend track record, could be seen as positive indicators for long-term value creation.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights on ATLO's financial health and market position. The platform provides a total of 14 tips for Ames National Corp, offering a deeper understanding of the company's strengths and potential challenges.
AMES, Iowa—Michael A. Wilson, Executive Vice President of Ames National Corp (NASDAQ:ATLO), recently acquired shares in the company, according to a filing with the Securities and Exchange Commission. On October 30 and November 4, Wilson purchased a total of 500 shares of common stock, with transaction prices ranging from $16.35 to $17.05 per share. This acquisition amounts to a total value of $8,350. Following these transactions, Wilson's total direct ownership stands at 1,200 shares.
These transactions reflect Wilson's continued investment in Ames National Corp, a financial institution based in Ames, Iowa.
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