10 Stocks With The Most Insider Purchases In The Last Quarter

6. Ames National Corporation (NASDAQ:ATLO)

Number of insider purchases in the last quarter: 12

Market capitalization: $164.22 million

Ames National is a multi-bank holding company that offers a range of deposit products, including checking, savings, money market accounts, and CDs. The Ames, Iowa-headquartered business provides various loans, such as commercial, agricultural, residential real estate, and consumer loans for vehicles, home improvements, and personal needs. It also offers cash management, merchant services, and wealth management.

During the last quarter, 12 insiders, among which are the company’s president, and CFO, acquired a total of approximately $122,372 worth of Ames National shares at an average price of $17.03 per share. Currently, the stock is trading at $18.35, having gained 11.69% since the beginning of the year. Over the past 12 months, Ames National declined 3.62%.

On February 12, Ames National’s board of directors declared a cash dividend of $0.20 per common share.

For the full year of 2024, the company disclosed a net income of $10.2 million or $1.14 per share, compared to $10.8 million or $1.20 per share earned in 2023. Loan interest income was $9.0 million higher than in the prior year, primarily due to higher average rates and growth in the loan portfolio. As of December 31, 2024, total assets were $2.13 billion, a decrease of $22.3 million, as compared to December 31, 2023. The decrease in assets is primarily due to a decrease in securities available for sale and partially offset by an increase in loans and interest-bearing deposits in financial institutions.