Ames National Co. (NASDAQ:ATLO) insider Curtis A. Hoff bought 1,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $27.60 per share, with a total value of $27,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ames National Co. (NASDAQ ATLO) opened at $26.85 on Wednesday. Ames National Co. has a twelve month low of $26.25 and a twelve month high of $33.00. The firm has a market cap of $250.00, a P/E ratio of 16.78 and a beta of 0.70.
Ames National declared that its board has authorized a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback 100,000 shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
Separately, BidaskClub cut shares of Ames National from a “sell” rating to a “strong sell” rating in a report on Friday, January 26th.
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About Ames National
Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks and three state-chartered banks. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company’s banking subsidiaries are located.
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