In a recent transaction, Bradley Goris, a board member of Consumers Bancorp Inc (NASDAQ:CBKM), has increased his stake in the company through the purchase of shares valued at approximately $7,644. This transaction took place on September 16, 2024, as indicated by a Form 4 filing with the Securities and Exchange Commission.
Goris acquired 441.8478 shares of Consumers Bancorp common stock at a price of $17.302 per share. Following this purchase, his total holdings in the company amount to 17,256.091 shares, which includes shares acquired through the company's dividend reinvestment plan, as noted in the footnotes of the filing.
The acquisition by a director is often viewed by investors as a sign of confidence in the company's future prospects. Shareholders and potential investors can consider such insider transactions as one of many factors when evaluating their investment decisions.
Consumers Bancorp Inc, based in Ohio, operates in the national commercial banks sector, providing a range of financial services. The company's shares are traded on the NASDAQ under the ticker symbol CBKM.
InvestingPro Insights
Amidst the recent insider share purchase by board member Bradley Goris, Consumers Bancorp Inc (NASDAQ:CBKM) showcases a mix of financial stability and potential value opportunities. An InvestingPro Tip highlights that CBKM has been trading at a low earnings multiple, with a P/E ratio of just 6.4, suggesting that the stock may be undervalued relative to its earnings.
Additionally, the company has demonstrated a commitment to returning value to shareholders, having raised its dividend for 7 consecutive years and maintained dividend payments for 26 consecutive years. The latest data shows a dividend yield of 4.31%, which is attractive to income-focused investors.
However, it's worth noting that CBKM has experienced a slight decline in revenue growth, with a decrease of 3.56% over the last twelve months as of Q4 2024. Despite this, the company remains profitable, with an operating income margin of 31.11% during the same period, indicating efficient management of its operations.
For investors seeking further insights, there are additional InvestingPro Tips available at https://www.investing.com/pro/CBKM, providing a deeper analysis of Consumers Bancorp Inc's financial health and market position.
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