Eddie L. Steiner, the President and CEO of CSB Bancorp, Inc. (OTC:CSBB), a $101.69 million market cap regional bank, has recently acquired additional shares of the company's common stock. According to a recent filing, Steiner purchased a total of 1,500 shares over two consecutive days. The transactions took place on December 5 and December 6, 2024, with purchase prices ranging from $38.75 to $39.00 per share. This acquisition amounts to a total investment of approximately $58,375. According to InvestingPro analysis, the stock is currently trading near its 52-week low, with a modest P/E ratio of 8.97 and price-to-book of 0.88, suggesting potential undervaluation. Following these transactions, Steiner's direct ownership in the company has increased, reflecting his continued confidence in CSB Bancorp's prospects, which maintains a "GOOD" Financial Health Score.Want deeper insights? InvestingPro subscribers have access to 8 additional key insights about CSBB's financial health and growth potential.
In other recent news, CSB Bancorp, Inc. has declared a Q4 cash dividend of $0.40 per share. The dividend is scheduled to be paid on December 17, 2024, to shareholders on record as of December 3, 2024. This follows the company's recent increase of $0.01 in its quarterly cash dividend, bringing the total to $0.40 per share, which was paid out on September 17, 2024, to shareholders recorded as of September 3, 2024.
These recent developments reflect CSB Bancorp's continued commitment to provide value to its shareholders. The company, which reported assets of approximately $1.2 billion as of September 30, 2024, has a history of consistent dividend payments. This latest declaration aligns with their established pattern of shareholder remuneration, demonstrating the company's financial stability.
Investors are advised to consider these announcements as they manage their investment portfolios. This information is based on press releases from CSB Bancorp, Inc., and highlights the company's recent developments.
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