In a recent move at Consumers Bancorp Inc /OH/ (NASDAQ:CBKM), Bradley Goris, a member of the company's board of directors, has increased his stake in the company through the purchase of shares. The transaction, which took place on June 14, 2024, involved Goris acquiring 438.6698 shares of common stock at a price of $16.93 each, amounting to a total investment of $7,426.
Investors monitoring insider activity may note that this purchase reflects a positive gesture by a company insider, suggesting a belief in the potential growth or stability of Consumers Bancorp's stock. It is also worth mentioning that the shares acquired by Goris include those obtained through the company's dividend reinvestment plan, as indicated in the footnotes of the filing.
Following this transaction, Goris's total holdings in Consumers Bancorp have reached 16,814.243 shares of common stock. The acquisition, duly recorded in the mandatory filings with the Securities and Exchange Commission, is a direct ownership transaction, which often signifies a strong confidence level from the insider towards the company's prospects.
Consumers Bancorp Inc, based in Minerva, Ohio, operates within the national commercial banks sector and continues to be a subject of interest for investors tracking insider trading activities. The company's shares are publicly traded on the NASDAQ stock exchange under the ticker symbol CBKM.
InvestingPro Insights
As Bradley Goris, a board member of Consumers Bancorp Inc /OH/ (NASDAQ:CBKM), reinforces his belief in the company through the recent acquisition of additional shares, investors may find value in examining some key financial metrics and InvestingPro Tips that shed light on the company's current position. With a market capitalization of $50.73 million, and a notably low price-to-earnings (P/E) ratio of 5.9, which adjusts to an even more attractive 5.53 for the last twelve months as of Q3 2024, CBKM presents itself as a potentially undervalued stock trading at a low earnings multiple.
Despite challenges in revenue growth, with a slight decrease of 1.86% over the last twelve months as of Q3 2024, the company has demonstrated a robust operating income margin of 32.81%, which is indicative of its efficiency in converting revenues into actual profit. Additionally, the dividend yield stands at an appealing 4.42%, complemented by a history of dividend growth, including a 5.88% increase in the last twelve months as of Q3 2024. This is consistent with the company's commendable record of maintaining dividend payments for 26 consecutive years, and even raising its dividend for 7 consecutive years, as highlighted by InvestingPro Tips.
For investors seeking further insights and analysis, there are additional InvestingPro Tips available, which could provide a deeper understanding of Consumers Bancorp's financial health and future prospects. By using the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips. Visit https://www.investing.com/pro/CBKM to explore the full range of expert tips and make more informed investment decisions.
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