Richard T. Kiko Jr, a director at Consumers Bancorp Inc (OTC:CBKM), recently purchased 533 shares of the company's common stock. The shares were acquired at a price of $18.75 each, amounting to a total transaction value of $9,993. Following this transaction, Kiko holds a total of 11,506.161 shares indirectly as a trustee of a spousal trust. Additionally, he owns 2,701.06 shares directly, which includes shares acquired through a dividend reinvestment plan.
InvestingPro Insights
Richard T. Kiko Jr's recent purchase of Consumers Bancorp Inc (OTC:CBKM) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock is currently trading at a low earnings multiple, with a P/E ratio of 7, suggesting potential undervaluation. This could explain the director's decision to increase his 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 history, coupled with a current dividend yield of 4.05%, may be particularly attractive to investors seeking stable income streams.
The company's financial health appears robust, with InvestingPro data showing that CBKM has been profitable over the last twelve months. The operating income margin stands at a healthy 30.35%, indicating efficient management of operations. Additionally, the stock is trading near its 52-week high, with a price at 99.21% of its 52-week peak, suggesting positive market sentiment.
These insights from InvestingPro provide context to Kiko's investment decision and offer a broader perspective on Consumers Bancorp's financial position. Investors interested in a more comprehensive analysis can access additional tips and metrics through the InvestingPro product, which includes 6 more tips for CBKM.
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