Ames National Co. (NASDAQ:ATLO) Director Acquires $11,505.00 in Stock

Ames National Co. (NASDAQ:ATLOGet Rating) Director Patrick G. Hagan acquired 500 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $23.01 per share, for a total transaction of $11,505.00. Following the completion of the transaction, the director now directly owns 4,635 shares in the company, valued at approximately $106,651.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of ATLO opened at $22.96 on Friday. The firm has a market cap of $208.71 million, a PE ratio of 8.86 and a beta of 0.70. The firm has a fifty day simple moving average of $24.14 and a two-hundred day simple moving average of $24.33. Ames National Co. has a 1-year low of $22.76 and a 1-year high of $26.13.

Separately, StockNews.com lowered shares of Ames National from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th.

Institutional investors and hedge funds have recently made changes to their positions in the business. City State Bank purchased a new stake in Ames National during the 4th quarter valued at $37,000. Acadian Asset Management LLC purchased a new stake in Ames National during the 4th quarter valued at $124,000. Citadel Advisors LLC purchased a new stake in Ames National during the 2nd quarter valued at $273,000. Two Sigma Investments LP purchased a new stake in Ames National during the 3rd quarter valued at $371,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Ames National by 10.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,096 shares of the financial services provider’s stock valued at $394,000 after buying an additional 1,488 shares during the last quarter. Institutional investors and hedge funds own 21.53% of the company’s stock.

About Ames National (Get Rating)

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Adams, Boone, Clarke, Hancock, Polk, Marshall, Ringgold, Story, Taylor, and Union counties in the central, north-central, and south-central Iowa. The company accepts a range of deposits, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit.

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