In recent transactions reported to the Securities and Exchange Commission, Eddie L. Steiner, President and CEO of CSB Bancorp, Inc. (OTC:CSBB), acquired 185 shares of common stock valued at $7,168. The shares were purchased at a price of $38.75 each in the $103 million market cap company. Following this transaction, Steiner holds a direct ownership of approximately 22,117 shares. According to InvestingPro analysis, CSBB currently trades at an attractive P/E ratio of 9.1x and shows signs of being slightly undervalued.
Additionally, Steiner maintains an indirect ownership of 39,352 shares through an Individual Retirement Account (IRA). This acquisition was part of a dividend reinvestment feature under the CSB Bancorp, Inc. Dividend Reinvestment Plan, which currently offers a 4.1% dividend yield. InvestingPro data reveals the company maintains a GOOD financial health score, though analysts anticipate some revenue challenges ahead. Access detailed dividend analysis and more exclusive insights with an InvestingPro subscription.
In other recent news, CSB Bancorp, a financial holding company, has declared a fourth quarter cash dividend of $0.40 per share. This dividend will be payable on December 17, 2024, to shareholders recorded as of December 3, 2024. Additionally, CSB Bancorp has reported assets amounting to approximately $1.2 billion as of September 30, 2024, indicating its financial stability.
In further recent developments, the company announced a minor increase in its quarterly cash dividend. The dividend saw a rise of $0.01, bringing it to a total of $0.40 per share, slated for payment on September 17, 2024, to shareholders recorded as of September 3, 2024. This increment in CSB Bancorp's dividend might be interpreted as a favorable sign by investors.
These announcements reflect CSB Bancorp's commitment to providing value to its shareholders and its practice of distributing quarterly dividends. Investors and shareholders are advised to consider these recent announcements as they manage their investment portfolios.
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