Eddie L. Steiner, President and CEO of CSB Bancorp, Inc. (OTC:CSBB), recently acquired 2,000 shares of the company’s common stock. The transaction, dated December 30, 2024, was executed at a price of $38.70 per share, amounting to a total value of $77,400. According to InvestingPro analysis, the stock is currently trading near its 52-week low, with data suggesting the shares may be undervalued.
Following this acquisition, Steiner’s direct ownership stands at 24,241.7376 shares. Additionally, he holds 39,850 shares indirectly through an IRA account. The transaction was part of the dividend reinvestment feature of CSB Bancorp’s Dividend Reinvestment Plan, as noted in the filing. The company, with a market capitalization of $101.67 million, maintains a healthy 4.13% dividend yield and trades at a P/E ratio of 8.97. InvestingPro subscribers can access 8 additional key insights about CSBB’s financial health and future prospects.
This acquisition reflects Steiner’s continued investment in the company, which operates as a state commercial bank based in Millersburg, Ohio. The bank maintains a strong financial health score according to InvestingPro metrics.
In other recent news, CSB Bancorp, Inc. has declared a fourth quarter cash dividend of $0.40 per share, payable to shareholders as of the record date, December 3, 2024. This announcement underscores the company’s ongoing commitment to returning capital to its investors. It’s also worth noting that CSB Bancorp has announced a minor increase in its quarterly cash dividend, rising by $0.01 to a total of $0.40 per share, set for payment on September 17, 2024.
On the financial front, the Ohio-based financial holding company reported assets of approximately $1.2 billion as of September 30, 2024. This recent update aligns with the company’s regular financial activities, further demonstrating its financial stability.
These are the latest developments for CSB Bancorp, a company known for its community-oriented banking services and significant regional presence. While the company continues to provide value to its shareholders, investors are advised to consider these announcements in managing their investment portfolios.
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