Laurie L. McClellan, a director at Consumers Bancorp Inc. (NASDAQ:CBKM), recently purchased 195 shares of the company's common stock. This transaction, which took place on November 12, 2024, was priced at $18.95 per share, resulting in a total investment of $3,695.
Following this acquisition, McClellan holds a total of 137,269.009 shares directly. Additionally, McClellan owns 7,572 shares indirectly as a trustee for a spousal trust. The purchase includes shares acquired through a dividend reinvestment plan, reflecting McClellan's ongoing investment in the Ohio-based bank.
InvestingPro Insights
Laurie L. McClellan's recent purchase of Consumers Bancorp Inc. (NASDAQ:CBKM) shares aligns with several positive indicators highlighted by InvestingPro. The company is currently trading at a low earnings multiple, with a P/E ratio of 7, suggesting potential undervaluation. This could explain McClellan's decision to increase her stake in the company.
Moreover, CBKM has demonstrated a strong commitment to shareholder returns. According to InvestingPro Tips, the company has raised its dividend for 7 consecutive years and has maintained dividend payments for an impressive 26 consecutive years. This consistent dividend policy is further supported by a current dividend yield of 4.04%, making it an attractive option for income-focused investors like McClellan.
The company's stock is also performing well, trading near its 52-week high with a price that is 99.21% of its 52-week high. This recent strength is reflected in the stock's total returns, with a 20.36% return over the past year and an 11.55% return year-to-date.
While these insights provide valuable context to McClellan's investment decision, InvestingPro offers 6 additional tips for CBKM, providing a more comprehensive analysis for investors considering this stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.