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

Ames National Co. (NASDAQ:ATLO) President John Patrick Nelson purchased 382 shares of Ames National stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $26.22 per share, with a total value of $10,016.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Shares of NASDAQ ATLO traded up $0.32 during mid-day trading on Tuesday, hitting $26.54. The company had a trading volume of 1,038 shares, compared to its average volume of 7,026. The firm has a market capitalization of $243.96 million, a P/E ratio of 13.79 and a beta of 0.59. Ames National Co. has a 1 year low of $24.47 and a 1 year high of $31.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.76 and a quick ratio of 0.76. The business’s 50-day simple moving average is $26.95.

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its position in Ames National by 534.2% during the first quarter. BNP Paribas Arbitrage SA now owns 1,801 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,517 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in Ames National during the fourth quarter worth about $80,000. MetLife Investment Advisors LLC purchased a new position in Ames National during the fourth quarter worth about $110,000. Bank of America Corp DE grew its position in Ames National by 22.6% during the fourth quarter. Bank of America Corp DE now owns 10,128 shares of the financial services provider’s stock worth $258,000 after buying an additional 1,866 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Ames National during the first quarter worth about $291,000. Institutional investors and hedge funds own 23.71% of the company’s stock.

Several equities analysts have recently weighed in on the company. BidaskClub cut Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. ValuEngine cut Ames National from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

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.

See Also: Quiet Period

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

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