Scott E. Dodds, the Executive Vice President and Senior Loan Officer at Consumers Bancorp Inc. (OTC:CBKM), recently purchased 100 shares of the company's common stock. The transaction, which took place on October 24, totaled $1,889, with each share priced at $18.90. Following this acquisition, Dodds now directly owns 15,839.097 shares, including those acquired through a dividend reinvestment plan.
InvestingPro Insights
Scott E. Dodds' recent purchase of Consumers Bancorp Inc. (OTC: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 6.76, suggesting potential undervaluation. This metric could explain why an insider like Dodds sees value in increasing his stake.
Moreover, CBKM has demonstrated a commitment to shareholder returns, having maintained dividend payments for 26 consecutive years and raised its dividend for 7 consecutive years. The current dividend yield stands at an attractive 4.11%, which may be particularly appealing in the current market environment.
The company's stock performance has been robust, with a one-year price total return of 27.85% as of the latest data. This strong performance is reflected in the stock trading near its 52-week high, at 97.88% of that peak. Despite this upward trajectory, InvestingPro's fair value estimate of $20.65 suggests there might still be room for growth from the previous closing price of $18.50.
It's worth noting that while CBKM has shown strength in many areas, InvestingPro Tips also indicate that the company suffers from weak gross profit margins. This could be an area for potential improvement that investors might want to monitor.
For those interested in a deeper analysis, InvestingPro offers 6 additional tips for Consumers Bancorp Inc., providing a more comprehensive view of the company's financial health and market position.
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