ATLO — Ames National Corporation

✨ Hidden Gem Founder-Led

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates ATLO Bullish with a Setup Score of 41, net conviction 44, actionability 39. How the Setup Score works →

Total Setup Score41
Directional BiasBullish
Net Conviction44
Actionability39 (in range)

Key signals behind this score

About Ames National Corporation

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. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$29.29
Market Cap$257M
Float8.0M
Shares Outstanding8.9M
P/E (Forward)12.76
P/E (TTM)11.90
Price/Sales (TTM)3.72
vs. Analyst Target+5.8% to analyst PT
Profit Margin31.18%
Operating Margin (TTM)43.09%
Revenue (TTM)$69.1M
Earnings Growth (YoY)74.30%
Dividend Rate1.0%
Analyst Target Price$31.00

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $73.6M $18.9M $59.8M $25.5M
2021 $71.0M $23.9M $67.3M $32.7M
2022 $71.2M $19.3M $63.8M $27.2M
2023 $83.5M $10.8M $53.1M $14.6M
2024 $92.4M $10.2M $54.2M $13.9M
2025 $98.3M $19.0M $65.1M $24.7M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $24.1M $4.5M
Sep 2025 $24.4M $4.6M
Dec 2025 $26.1M $6.5M
Mar 2026 $25.0M $6.0M

Ownership & Float

Insider Ownership1.3%
Institutional Ownership41.4%
Short Float2.4%
% of All Funds Holding0.97%
Number of Funds Holding80

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$29.27Near-term / short-term trend
Weekly40-Week SMA$25.83Medium-term trend
Weekly80-Week SMA$22.00Cyclical trend (business cycle)
Weekly200-Week SMA$20.72Secular trend (multi-year)
Monthly10-Month SMA$26.28Near-term monthly trend
Monthly20-Month SMA$22.22Medium-term monthly trend
Monthly40-Month SMA$20.60Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$26.70 support 2.00x 3 months ago
$22.90 support 1.47x 5 months ago
$21.50 support 1.74x 6 months ago
$16.60 support 1.22x 17 months ago

Historical Earnings Reactions (101 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.01% 0.00% 41.58% 12.63% -10.62%
1 Day -0.23% 0.00% 33.66% 11.74% -10.62%
1 Week 1.28% 0.26% 52.48% 41.07% -12.12%
2 Weeks 0.22% 0.14% 51.49% 19.20% -14.06%
1 Month -0.23% 0.43% 53.00% 36.28% -33.79%

Next earnings: August 14, 2026 (34 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan-1.8%42.3%26
Feb0.0%57.7%26
Mar-0.3%55.6%27
Apr1.0%48.1%27
May-0.6%40.7%27
Jun2.1%59.3%27
Jul1.2%57.7%26
Aug-3.1%26.9%26
Sep1.0%53.8%26
Oct1.4%50.0%26
Nov0.8%50.0%26
Dec3.4%57.7%26

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.13% 38.2% 1245
Tuesday 0.05% 38.6% 1361
Wednesday 0.05% 40.7% 1362
Thursday 0.12% 42.1% 1336
Friday 0.10% 41.5% 1330

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 41.4%

Insider Transactions — Smart Summary

Total insider ownership: 1.3%

Founder-led management: First National Bank (President and Director of First National Bank)

12-Month Insider Activity Summary

Total Filings17
Net Value+N/A
Net Shares Change3,382
% of Float0.0%
C-Suite Filings0
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
Cassabaum Michelle R +$20,156.87 4 4 buy
Hagan Patrick G +$8,303 2 2 buy
Miles Everett S +$5,095 1 1 buy
Trost Scot A. +$4,575.64 1 1 buy
Swartz Kevin L +$4,160 1 1 buy
Bauer Scott T +$4,015.881 1 1 buy

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-11-17 – 2025-11-24 3 3 +$19,095
2026-02-02 – 2026-02-10 3 3 +$16,421.681

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-29 Cassabaum Michelle R +$4,901.1 Transaction at $28.83, now +1.6%
2026-05-15 Hagan Patrick G +$5,538 Transaction at $27.69, now +5.8%
2026-05-12 Hagan Patrick G +$2,765 Transaction at $27.65, now +5.9%
2026-04-30 Cassabaum Michelle R +$2,358.72 Transaction at $28.08, now +4.3%
2026-02-27 Cassabaum Michelle R +$5,586.25 Transaction at $27.25, now +7.5%
2026-02-03 Miles Everett S +$5,095 Transaction at $20.38, now +43.7%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Ames National Corporation (ATLO) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for ATLO on Trend Edge →