Ames National Corporation

ATLO.US
Financial Services · Banks - Regional
30.59
+0.36 (+1.19%)
USD · NASDAQ

Company Information

Company Name
Ames National Corporation
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US0310011004
CIK: 0001132651
CUSIP: 031001100
Currency: USD
Full Time Employees: 247
Phone: 515 232 6251
Fiscal Year End: December
IPO Date: Feb 15, 2000
Description:

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa. It accepts various deposit products, including checking and savings accounts; and time deposits, such as money market accounts and certificates of deposit. The company also provides loans, such as short-term and medium-term commercial, multi-family and agricultural real estate, residential real estate loans, equipment, vehicle, and home improvement loans; consumer loans to finance consumer purchases, such as automobiles, trucks, recreational vehicles, household furnishings, boats, personal loans, and lines of credit; agricultural and business operating loans and lines of credit; and originates mortgage loans for sale into the secondary market. In addition, it offers cash management, merchant credit card processing, safe deposit box, wire transfer, direct deposit, and automated/video teller machine access services; and automatic drafts for various accounts, as well as wealth management services. Further, it provides farm management, investment, and custodial services for individuals, businesses, and non-profit organizations; and online, mobile, and private banking services. Ames National Corporation was founded in 1903 and is headquartered in Ames, Iowa.

Address:

323 Sixth Street, Ames, IA, United States, 50010

People

Directors & Officers

Name Title Year Born
Mr. John P. Nelson President, CEO & Director 1967
Mr. Scott T. Bauer President & Director of First National Bank 1963
Mr. Michael A. Wilson Chief Lending Officer 1965
Mr. Justin C. Clausen CFO & Secretary 1988
Mr. Timothy J. Lupardus Senior VP & Chief Information Officer NA
Ms. Lori J. Hill Valuation Services Coordinator & Administrative Officer NA
Dena M. Gray-Fisher VP & Marketing Director NA
Ms. Jennifer J. Hanson VP & Human Resources Director NA
Joel L. Regenwether Senior VP & Operations Project Manager NA
Mr. Richard J. Schreier President & Director of Reliance State Bank 1968

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 27, 2026 Michelle R Cassabaum N/A Purchase 205.00 $27.25 $5.59K
Jan 30, 2026 Michelle R Cassabaum N/A Purchase 280.00 $26.11 $7.31K
Dec 02, 2025 Scott T Bauer N/A Purchase 20.00 $21.68 $433.60
Nov 17, 2025 Jeffrey K Putzier N/A Purchase 200.00 $21.25 $4.25K
Nov 13, 2025 Douglas W Beals N/A Purchase 500.00 $21.37 $10.69K
Oct 31, 2025 Michelle R Cassabaum N/A Purchase 44.00 $20.82 $916.08
Oct 24, 2025 Patrick G Hagan N/A Purchase 300.00 $20.85 $6.26K
Aug 29, 2025 Michelle R Cassabaum N/A Purchase 278.00 $19.83 $5.51K
Jul 31, 2025 Michelle R Cassabaum N/A Purchase 164.00 $18.29 $3.00K
Jun 20, 2025 Jeffery C Baker N/A Purchase 500.00 $17.18 $8.59K
Jun 02, 2025 Horras Betty A Baudler N/A Purchase 100.00 $17.50 $1.75K
May 30, 2025 Michelle R Cassabaum N/A Purchase 314.00 $17.54 $5.51K
May 28, 2025 Horras Betty A Baudler N/A Purchase 100.00 $17.52 $1.75K
May 23, 2025 Douglas W Beals N/A Purchase 400.00 $17.29 $6.92K
May 22, 2025 Patrick G Hagan N/A Purchase 200.00 $17.65 $3.53K
May 21, 2025 Adam Snodgrass N/A Purchase 200.00 $17.80 $3.56K
May 21, 2025 Richard Schreier N/A Purchase 279.00 $17.90 $4.99K
May 02, 2025 Douglas W Beals N/A Purchase 275.00 $17.59 $4.84K
Apr 30, 2025 Michelle R Cassabaum N/A Purchase 122.00 $17.05 $2.08K
Apr 28, 2025 Patrick G Hagan N/A Purchase 500.00 $16.65 $8.33K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Fourthstone LLC 683.25K Mar 31, 2026 7.71% $3.27 55.75%
BlackRock Inc 609.16K Mar 31, 2026 6.88% $0.00 -3.40%
Vanguard Group Inc 510.11K Dec 31, 2025 5.76% $0.00 0.27%
Vanguard Capital Management, LLC 400.22K Mar 31, 2026 4.52% $0.00 0.00%
Dimensional Fund Advisors, Inc. 273.04K Mar 31, 2026 3.08% $0.00 2.68%
Curated Wealth Partners LLC 240.00K Jun 30, 2026 2.71% $0.03 0.00%
Geode Capital Management, LLC 202.48K Mar 31, 2026 2.29% $0.00 -1.48%
State Street Corp 151.77K Mar 31, 2026 1.71% $0.00 14.87%
Arrowstreet Capital Limited Partnership 100.39K Mar 31, 2026 1.13% $0.00 1.65%
Elizabeth Park Capital Advisors, Ltd 80.48K Mar 31, 2026 0.91% $1.75 -25.05%
Northern Trust Corp 69.78K Mar 31, 2026 0.79% $0.00 6.16%
LPL Financial Corp 57.18K Mar 31, 2026 0.65% $0.00 -1.38%
Marshall Wace Asset Management Ltd 56.99K Mar 31, 2026 0.64% $0.00 0.00%
Vanguard Fiduciary Trust Co 55.86K Mar 31, 2026 0.63% $0.00 0.00%
Vanguard Portfolio Management, LLC 51.47K Mar 31, 2026 0.58% $0.00 0.00%
Morgan Stanley - Brokerage Accounts 46.92K Mar 31, 2026 0.53% $0.00 -12.05%
Ames National Corp 46.56K Mar 31, 2026 0.53% $0.79 -20.49%
American Century Companies Inc 45.19K Mar 31, 2026 0.51% $0.00 379.99%
The Goldman Sachs Group Inc 44.34K Mar 31, 2026 0.50% $0.00 322.39%
Segall Bryant & Hamill 39.52K Mar 31, 2026 0.45% $0.02 0.00%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard Total Stock Mkt Idx Inv 280.41K 3.17% ▼ 5.05% Jun 30, 2026
2 iShares Russell 2000 ETF 269.07K 3.04% ▲ 0.59% Jun 30, 2026
3 Avantis US Small Cap Value ETF 114.55K 1.29% ▲ 0.32% Jun 30, 2026
4 Vanguard Institutional Extnd Mkt Idx Tr 98.52K 1.11% ▲ 0.00% Jun 30, 2026
5 iShares Russell 2000 Value ETF 88.37K 1.00% ▼ 0.69% Jun 30, 2026
6 Fidelity Small Cap Index 86.01K 0.97% ▲ 0.41% Apr 30, 2026
7 State St Russell Sm/Mid Cp® Indx SL Cl I 66.36K 0.75% ▲ 103.18% Jun 30, 2026
8 Russell 2000 Index Non-Lendable Fund 65.33K 0.74% ▼ 0.15% Jun 30, 2026
9 Russell 2000 Equity Index Fund B 65.33K 0.74% ▼ 0.15% Jun 30, 2026
10 DFA US Targeted Value I 53.96K 0.61% ▲ 0.00% May 31, 2026

Financial Highlights

Market Cap: $270.94M
P/E Ratio: $11.63
PEG Ratio: $1.03
Book Value: $24.06
Dividend/Share: $0.88
Dividend Yield: 2.91%
Earnings/Share: $2.63
Profit Margin: 31.91%
Operating Margin: 42.50%
ROA (TTM): 1.09%
ROE (TTM): 11.31%
Revenue (TTM): $71.97M
Revenue/Share (TTM): $8.11
Earnings Growth (YOY): 32.10%
Revenue Growth (YOY): 18.00%

Valuation Metrics

Enterprise Value: $205.87M
Trailing P/E: 11.63
Forward P/E: 12.76

Shares Statistics

Shares Outstanding: 8.86M
Shares Float: 8.02M
% Insiders: 125.40%
% Institutions: 4,152.20%
Short % Float: 2.79%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$98.26M
Cost of Goods Sold
adjust
$-33.13M
Gross Profit
subtotal
$65.14M
SG&A
adjust
$-20.75M
Other Operating Expense
adjust
$-21.18M
Operating Income
subtotal
$23.21M
Other / Non-Operating Items
adjust
$-4.18M
Net Income
subtotal
$19.03M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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