Ralph J. Lober II, the CEO and President of Consumers Bancorp Inc. (OTC:CBKM), recently acquired 100 shares of the company's common stock. The shares were purchased at $19.30 each, totaling $1,930. The purchase comes as CBKM trades near its 52-week high, with the stock currently at $19.50 and showing a P/E ratio of 6.91. Following this transaction, Lober's direct ownership in the company increased to 67,371.02 shares, which includes shares acquired through a dividend reinvestment plan. The bank, with a market capitalization of $61.78 million, has maintained dividend payments for 26 consecutive years and currently offers a 3.85% yield. This purchase reflects Lober's continued investment in the Ohio-based bank, which operates under the ticker CBKM. InvestingPro analysis suggests the stock is slightly undervalued, with additional ProTips available for subscribers.
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