In a recent move by Consumers Bancorp Inc /OH/ (NASDAQ: CBKM ), board member Bradley Goris increased his stake in the company by purchasing stock. The transaction took place on June 14, 2024, and Goris acquired 438.6698 shares of common stock at a price of $16.93 per share, for a total investment of $7,426.
Investors who follow insider activity might notice that this purchase reflects a positive stance from company insiders, suggesting confidence in the Consumer Bank stock’s underlying growth or stability. It’s also worth noting that the stock acquired by Goris included shares acquired through the company’s dividend reinvestment plan, as noted in a footnote in the filing.
Following this transaction, the total number of shares of Consumers Bancorp common stock held by Goris reached 16,814.243 shares. The acquisition, formally documented in a mandatory filing with the Securities and Exchange Commission, is a direct ownership transaction, which typically signals strong insider confidence in a company’s prospects.
Consumers Bancorp Inc, based in Minerva, Ohio, operates within the National Commercial Banking segment and continues to be a subject of interest to investors tracking insider trading activity. The company’s shares are publicly traded on the Nasdaq stock exchange under the symbol CBKM.
Investment Professional Insights
Consumers Bancorp Inc /OH/ (NASDAQ: CBKM ) Board Member Bradley Goris has boosted his confidence in the company with his recent acquisition of additional shares, and investors may find value in studying some key financial metrics and InvestingPro tips. current status. With a market capitalization of $50.73 million and a significantly lower price-to-earnings (P/E) ratio of 5.9, which has adjusted to a more attractive 5.53 in the trailing twelve months to Q3 2024, CBKM sees itself as a potential player with a low Undervalued stocks that trade on price-to-earnings ratios.
Despite challenges with revenue growth, which fell slightly by 1.86% in the trailing 12 months to Q3 2024, the company demonstrated a strong operating margin of 32.81%, demonstrating its efficiency in converting revenue into actual profits. Additionally, the dividend yield reaches an attractive 4.42%, supported by a history of dividend growth, including growth of 5.88% in the trailing 12 months to Q3 2024. The record is consistent, as InvestingPro Tips highlights, with the company raising its dividend for seven consecutive years.
For investors looking for further insight and analysis, additional InvestingPro Tips are available that can help them gain a deeper understanding of Consumers Bancorp’s financial health and future prospects. Use coupon code PRONEWS24, investors can get these valuable tips with an additional 10% discount on annual or biennial Pro and Pro+ subscriptions. Visit https://www.investing.com/pro/CBKM to explore a full range of expert tips and make smarter investment decisions.
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