Cassabaum Michelle R

ATLO director Cassabaum makes small open-market purchase near recent highs.

Director Michelle Cassabaum purchased a modest number of shares in Ames National at current market prices, adding incrementally to her holdings. The company is financially healthy and profitable, trading at a reasonable valuation multiple with strong recent earnings momentum. What's notable is the timing: the purchase occurs near the stock's recent highs and well above the lows of the past year, which is atypical for insider buying—most director purchases happen during pullbacks when shares are relatively cheaper. This modest, full-price acquisition suggests either a routine rebalancing decision or measured conviction, but the lack of urgency or scale limits how much conviction we can read into it. Worth monitoring as a positive signal from the board, but not a decisive vote of confidence on its own.

Director Cassabaum purchases 205 ATLO shares at $27.25; 4 of 4 prior buys at this ticker showed positive 90-day returns, latest up +23.8% YTD

Cassabaum, a director of Ames National Corp, purchased 205 shares at $27.25 on 2026-02-27, increasing holdings from 9,529 to 9,734 shares. Her prior trades at ATLO show a consistent pattern of well-timed entry points: all 4 prior measurable buys at this ticker posted positive 90-day returns, with the most recent purchase on 2025-10-31 returning +23.6% over 90 days. The current 30-day price action of +7.8% and 90-day move of +23.8% align with her historical execution at this ticker. With a cross-ticker track record of 20 prior buys averaging +1.2% at 30 days and +4.6% at 90 days (68.42% win rate), this purchase reflects consistent behavior, though the stock is currently -3.4% from its 52-week high of $27.96, suggesting entry at a near-peak price relative to the recent range.

Director Cassabaum buys 280 shares of ATLO at $26.11; 5 of 5 prior buys at ticker preceded 90d gains averaging +14.2%

Director Michelle R Cassabaum purchased 280 shares at $26.11, increasing her position from 8,913 to 9,193 shares. Her prior five open-market purchases at ATLO all preceded positive 90-day returns (+4.8%, +2.9%, +9.2%, -0.1%, +2.0%), establishing a consistent pattern of well-timed entry points at this specific ticker. The current price of $26.79 is at the 52-week high (+0.0% from range ceiling) and the stock has risen +17.8% in the past 30 days and +28.4% in the past 90 days, reflecting significant recent momentum. This purchase occurs in the context of strong recent price appreciation and a track record at this ticker of entries preceding gains, though the trade occurs after substantial near-term gains have already materialized.

Director Cassabaum buys 44 ATLO shares at $20.82; 63.16% cross-ticker timing accuracy on prior purchases.

Cassabaum, a director of Ames National Corp, purchased 44 shares at $20.82 on 2025-10-31, increasing her holdings from 8,869 to 8,913 shares (+0.5%). The $20.82 transaction price sits 1.8% below the 52-week high of $21.39 and near current market price of $21.00, with the stock up 4.8% over the prior 30 days and 13.0% over 90 days. Her cross-ticker buy track record shows a 63.16% win rate across 20 prior purchases with a 90-day average return of 1.9%. At this specific ticker, her prior four measurable trades were well-timed 3 of 4 times, with 90-day outcomes ranging from -5.0% to +13.6%. The modest 44-share increment represents a small portfolio addition relative to her 8.9K total holdings, and the company trades at a 13.64 P/E with $4.5M net income and $186.9M market cap.

Director Cassabaum purchases 278 ATLO shares at $19.83, expanding stake 3.2% amid 9.4% monthly price momentum.

Cassabaum Michelle R (Director) bought 278 shares of Ames National Corp at $19.83 on 2025-08-29, increasing holdings from 8,591 to 8,869 shares. The purchase occurred as the stock trades near its 52-week high of $19.98 with strong recent momentum: +9.4% over 30 days and +14.8% over 90 days. Within her same-ticker history at ATLO, this represents her second consecutive monthly buy (prior purchase 2025-07-31), suggesting sustained activity, though only 2 of her previous 4 measurable ATLO trades showed positive 90-day returns. The company's valuation appears modest (P/E 12.97, market cap $177.8M), but the absence of scheduled transaction flags in this filing and the timing during peak-year price levels warrant assessment of whether this reflects discretionary conviction or routine portfolio management.

Director Michelle R Cassabaum bought 164 shares of AMES NATIONAL CORP (ATLO) at $18.29 on 2025-07-31, raising holdings to 8,591 shares.

Cassabaum purchased 164 shares at $18.29, a modest addition increasing her holdings by 1.9%. The stock currently trades at $18.01, down 0.9% over 30 days and down 17.5% from the 52-week high of $21.83, placing the purchase near recent lows. Reviewing her prior five trades at ATLO, two of the four measurable outcomes showed positive 90-day returns (+9.2% and +9.4%), indicating 50% success timing at this ticker; however, her cross-ticker track record across 19 prior buys reflects more modest performance with a 61.11% 90-day win rate and 0.8% average 90-day return. The company's fundamentals remain stable with a P/E of 14.18 and net income of $3,443,000.00, supporting the valuation range observed in the 52-week trading band.

Director Cassabaum buys 314 shares of AMES NATIONAL CORP at $17.54; 6 other insiders also bought within 14 days.

Michelle R Cassabaum, a Director, purchased 314 shares at $17.54 on 2025-05-30, increasing her holdings to 8,427 shares. The transaction is notable because it is part of a cluster pattern: 6 other insiders also bought within the past 14 days. At the ticker-specific level, Cassabaum has executed 5 prior buys at ATLO, with 2 of the 4 measurable instances producing positive 90-day returns, indicating mixed timing precision. The current price of $17.45 reflects a -20.2% decline from the 52-week high of $21.87, positioning this purchase near recent lows. The stock's fundamentals appear modest but stable: P/E of 13.74, market cap of $155,576,469.65, and net income of $3,443,000.00. The concurrent buying activity by multiple insiders warrants attention as a potential signal of insider perception regarding valuation, though the Director's own cross-ticker track record shows marginal average returns (30-day: -0.3%, 90-day: +0.3%, 58.82% win rate).

Director Cassabaum buys 122 ATLO shares at $17.05; cluster pattern with 2 other insiders buying within 14 days.

Cassabaum Michelle R (Director) purchased 122 shares of AMES NATIONAL CORP (ATLO) at $17.05 on 2025-04-30, bringing her total holdings to 8,113 shares. At this ticker, her prior 5 trades show a 3 of 3 well-timed pattern at the 90-day mark, suggesting consistent execution. This purchase coincides with 2 other insiders also buying within the past 14 days—a cluster buy pattern that may indicate coordinated confidence. However, the stock is currently trading at $17.36, down 20.6% from its 52-week high of $21.87 and down 5.4% over the past 90 days, placing the company's valuation at 18.87 P/E against $2.2M net income and a $154.8M market cap. The absence of recent material announcements or earnings triggers in this filing suggests the timing is discretionary rather than event-driven.

Director Cassabaum buys 288 ATLO shares at $18.62; 3 of 4 prior ATLO buys showed positive 90d returns.

Cassabaum Michelle R, a Director, purchased 288 shares at $18.62 on 2025-02-28, increasing her holdings by 3.7% from 7,703 to 7,991 shares. This marks her fifth open-market purchase at AMES NATIONAL CORP; across her four prior trades at this ticker, 3 of 4 were well-timed at the 90-day mark, with outcomes ranging from +5.8% to +9.4% on the positive trades and -9.9% on one trade. Her most recent buy at ATLO on 2025-01-31 showed a +3.5% 30-day return and is not yet measurable at the 90-day horizon. The current price of $18.63 sits 14.8% below the 52-week high but 2.8% higher than 30 days ago, placing the transaction near recent support levels. Her cross-ticker track record shows a 66.67% 90-day win rate across 16 prior buys, though with modest average returns (+0.8% at 90 days), suggesting a pattern of moderate accuracy rather than exceptional timing.

Director Cassabaum buys 70 shares of ATLO at $18.14; small position increase to 7,374 shares.

Michelle R Cassabaum, a Director, purchased 70 shares at $18.14 on 2025-01-31, increasing her holdings from 7,304 to 7,374 shares—a modest 1.0% increase. The transaction was executed well above the current price of $17.82 and reflects a willingness to accumulate despite being -19.9% from the 52-week high. Her prior trading activity at ATLO shows mixed outcomes: 2 of 4 measurable same-ticker trades achieved positive 90-day returns, suggesting variable timing skill at this specific ticker. The small transaction size ($1,269.80 total) and modest portfolio impact should be weighted against the cross-ticker track record of 15 prior buys with a 64.29% 90-day win rate, indicating a pattern of moderate success without exceptional edge.