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In a recent filing with the Securities and Exchange Commission, CSB Bancorp, Inc. (OTC:CSBB), a $106 million market cap regional bank, disclosed that its President and CEO, Eddie L. Steiner, purchased a total of 2,284 shares of the company's common stock over two consecutive days. The transactions took place on February 12 and 13, with each share acquired at a price of $40, near its 52-week low. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. This acquisition amounts to a total investment of $91,360.
Following these transactions, Steiner's direct ownership increased to 26,525.7376 shares. Additionally, the filing notes indirect ownership of 39,850 shares held in an Individual Retirement Account (IRA).
The purchases were part of a dividend reinvestment feature under CSB Bancorp's Dividend Reinvestment Plan, as noted in the filing. The bank currently offers a 4% dividend yield. InvestingPro subscribers can access additional financial metrics and 8 more key insights about CSBB's performance and outlook.
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