Ralph J. Lober II, CEO and President of Consumers Bancorp Inc. (OTC:CBKM), recently purchased a significant amount of the company's common stock. According to a recent SEC filing, Lober acquired a total of 500 shares on October 24, 2024, with prices ranging from $18.84 to $298 per share. The total value of these transactions amounted to approximately $92,609. The purchases were made directly, and the shares include those acquired through the company's dividend reinvestment plan. Following these transactions, Lober's total direct ownership stands at 67,070.92 shares.
InvestingPro Insights
Ralph J. Lober II'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 near its 52-week high, with a robust 27.85% price total return over the past year. This performance suggests growing investor confidence in the bank's prospects.
InvestingPro data reveals that CBKM is trading at an attractive valuation, with a P/E ratio of 6.76, significantly lower than many of its peers in the banking sector. This low earnings multiple, coupled with the fact that the company has been profitable over the last twelve months, may have influenced Lober's decision to increase his stake.
Moreover, CBKM boasts a strong dividend profile. An InvestingPro Tip notes that the company has maintained dividend payments for 26 consecutive years and has raised its dividend for 7 consecutive years. With a current dividend yield of 4.11%, CBKM offers an attractive income opportunity for investors.
It's worth noting that InvestingPro provides 6 additional tips for CBKM, offering investors a more comprehensive analysis of the company's financial health and market position. These insights could prove valuable for those considering following the CEO's lead in acquiring CBKM shares.
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