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Eddie L. Steiner, President and CEO of CSB Bancorp, Inc. (OTCQX:CSBB), made a recent purchase of company shares, according to a filing with the Securities and Exchange Commission. On June 3, 2025, Steiner acquired 200 shares of CSB Bancorp common stock at a price of $43.76 per share, totaling $8,752. The purchase comes as the stock trades near its 52-week high of $44.49, with the company showing strong returns of over 17% in the past year. InvestingPro analysis suggests the stock is slightly overvalued at current levels. This transaction was part of the dividend reinvestment feature of the CSB Bancorp Dividend Reinvestment Plan, which increased his direct ownership to approximately 31,346 shares.
In addition to his direct holdings, Steiner maintains indirect ownership of 40,530 shares through an Individual Retirement Account (IRA). As both a director and officer of the company, Steiner’s transactions are closely monitored by investors seeking insight into the executive’s confidence in the company’s future performance.
In other recent news, CSB Bancorp has announced an increase in its quarterly cash dividend to $0.41 per share, up by $0.01 from the previous dividend. This decision, reflecting the company’s commitment to shareholder value, is set to benefit those on record as of June 10, 2025, with distribution scheduled for June 24, 2025. At its 2025 Annual Meeting of Shareholders, CSB Bancorp re-elected directors Cheryl M. Kirkbride and Stephen E. Schillig for three-year terms. Additionally, shareholders approved S.R. Snodgrass, P.C. as the independent auditor for the fiscal year ending December 31, 2025. The meeting also featured a non-binding advisory vote on executive compensation, which was approved by the majority. Shareholders recommended that future advisory votes on executive compensation occur every three years. These developments underscore the company’s ongoing governance and financial strategies, as documented in a recent SEC filing.
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