An Insider at Ames National Corp (ATLO) is Buying Shares

Today, an Insider at Ames National Corp (NASDAQ: ATLO), Curtis Hoff, bought shares of ATLO for $27.25K.

This recent transaction increases Curtis Hoff’s holding in the company by 20% to a total of $161.4K. In addition to Curtis Hoff, 6 other ATLO executives reported Buy trades in the last month.

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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 $250.5M and the company has a P/E ratio of 16.81. Currently, Ames National Corp has an average volume of 15.14K.

The insider sentiment on Ames National Corp has been positive according to 11 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

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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.

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