SEC Filing Analysis: AMES NATIONAL CORP (ATLO)

Executive Summary

• Trading Significance: Low
• Key Takeaway: A director made a minor open-market purchase of 200 shares valued at $4,160.
• Market Impact: Negligible, given the transaction's small size relative to the company's market capitalization.

Company Information

Field	Value
Company	AMES NATIONAL CORP
Ticker Symbol	ATLO
CIK	0001132651
Industry	National Commercial Banks

Insider Information

Field	Value
Name	Swartz Kevin L
CIK	0001670150
Title/Position	Director
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-21
Transaction Code	P (Open market purchase)
Security Type	Common Stock
Shares Involved	200
Price Per Share	$20.80
Total Value	$4,160
Shares Owned After	5,380
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$4,160
% of Market Cap	0.0022%
Shares Transacted	200
% of Shares Outstanding	0.0022%
Post-Transaction Ownership	5,380 shares (0.06% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: The $4,160 purchase is insignificant against AMES NATIONAL CORP's $190 million market cap.
• Ownership Concentration: The purchase slightly increases the director's holding to 5,380 shares, representing a minor stake of approximately 0.06% of total shares outstanding.
• Transaction Significance: The transaction represents just 0.0022% of the market cap and 0.0022% of shares outstanding, confirming its low materiality.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: The transaction is too small to signal a meaningful change in insider sentiment or to have any impact on the stock price.

Volume & Sentiment

• Expected Volume Impact: None. The transaction size is negligible compared to typical daily trading volume.
• Sentiment Indicator: Neutral. This is a routine purchase and does not provide a strong bullish or bearish signal.