The President of Ames National Corp (NASDAQ: ATLO) is Buying Shares

By Carrie Williams

Today, the President of Ames National Corp (ATLOResearch Report), John Patrick Nelson, bought shares of ATLO for $20.01K.

Following this transaction John Patrick Nelson’s holding in the company was increased by 12.47% to a total of $190.9K. Following John Patrick Nelson’s last ATLO Buy transaction on September 08, 2015, the stock climbed by 5.9%.

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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 $15.93 million and quarterly net profit of $4.62 million. In comparison, last year the company earned revenue of $13.99 million and had a net profit of $4.32 million. The company has a one-year high of $31.30 and a one-year low of $24.51. ATLO’s market cap is $242.1M and the company has a P/E ratio of 13.88.

The insider sentiment on Ames National Corp has been positive according to 20 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

John Patrick Nelson’s trades have generated a 11.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. 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.