On October 25, 2024, John Nelson, President of Ames National Corp (ATLO, Financial), purchased 1,198 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 18,380 shares of Ames National Corp.
Ames National Corp is involved in the provision of banking services including deposits, loans, and other financial services in Iowa. The company operates through several subsidiaries, ensuring a broad reach and diversified financial offerings.
The shares were bought at a price of $16.7 each, valuing the transaction at approximately $19,996.6. This acquisition has increased the insider's stake in the company significantly.
Over the past year, John Nelson has engaged in multiple transactions involving Ames National Corp shares, purchasing a total of 1,198 shares and selling none. This pattern of insider buying could be indicative of the insider’s confidence in the company’s future prospects.
The overall insider transaction history for Ames National Corp shows a trend of more insider buying than selling. In the past year, there have been 28 insider buys and no insider sells.
Regarding the company's valuation, Ames National Corp has a market cap of $152.868 million. The stock's price-earnings ratio is 17.17, which is above both the industry median and the company’s historical median.
Ames National Corp's stock is currently considered Fairly Valued with a price-to-GF Value ratio of 0.91, based on a GF Value of $18.45. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
This recent insider purchase by John Nelson might attract the attention of current and potential investors, looking to gauge insider sentiment and confidence in Ames National Corp's financial health and future outlook.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
