A Director at Ames National Corp (ATLO) is Buying Shares

Today, a Director at Ames National Corp (NASDAQ: ATLO), David W. Benson, bought shares of ATLO for $9,824.

Following this transaction David W. Benson’s holding in the company was increased by 8.02% to a total of $127.8K. Following David W. Benson’s last ATLO Buy transaction on August 21, 2017, the stock climbed by 1.4%.

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Based on Ames National Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $13.99 million and quarterly net profit of $4.32 million. In comparison, last year the company earned revenue of $13.5 million and had a net profit of $3.47 million. ATLO’s market cap is $253.3M and the company has a P/E ratio of 17.00. Currently, Ames National Corp has an average volume of 25.42K.

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Ames National Corp. operates as a bank holding company. Its lending activities consist primarily of short-term and medium-term commercial and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and origination of mortgage loans for sale into the secondary market. It also offers savings and time deposits, cash management services, merchant credit card processing, safe deposit boxes, wire transfers, direct deposit of payroll and social security checks, and automated teller machine access. The company was founded on January 21, 1975 and is headquartered in Ames, IA.