Shawna L'Italien, a director at Consumers Bancorp Inc (NASDAQ:CBKM), has purchased 250 shares of the company's common stock, according to a recent SEC filing. The transaction, which took place on June 11, 2024, involved shares bought at a price of $16.424 each, totaling approximately $4,106.
The acquisition of shares by L'Italien has increased her direct ownership in the company to 4,844.036 shares. Notably, this total includes shares acquired through the company's dividend reinvestment plan, as indicated by the footnotes in the SEC filing.
Consumers Bancorp Inc, based in Minerva, Ohio, operates within the national commercial banks sector. The financial institution is known for providing a range of banking services to consumers and businesses alike.
Investors often monitor the buying and selling activities of company insiders like L'Italien, as these transactions can provide insights into the executives' confidence in the company's prospects. The recent purchase by the director might be interpreted as a sign of her positive outlook on the future of Consumers Bancorp.
For those looking to keep up with the latest insider transactions of Consumers Bancorp Inc, further details can be found in the company's SEC filings.
InvestingPro Insights
As Shawna L'Italien, a director at Consumers Bancorp Inc (NASDAQ:CBKM), demonstrates her confidence in the company with the recent purchase of shares, potential investors may also find encouragement in some key financial metrics and insights from InvestingPro. With a market capitalization of $51.42 million and a notably attractive price-to-earnings (P/E) ratio of 5.9, which adjusts down to 5.5 over the last twelve months as of Q3 2024, Consumers Bancorp stands out as a potentially undervalued stock in its sector.
Moreover, the company boasts a strong track record of dividend reliability, which is reflected in its history of raising dividends for 7 consecutive years and maintaining those payments for 26 years. Such consistency is often sought after by income-focused investors. The dividend yield as of a recent data point stood at a substantial 4.36%, coupled with a dividend growth of 5.88% over the last twelve months as of Q3 2024, which could be appealing for those looking for steady income streams.
While the company shows some areas of concern, such as weak gross profit margins and a slight revenue decline of -1.86% over the last twelve months as of Q3 2024, its profitability over the same period and the InvestingPro Fair Value estimate of $17.00 suggest that the stock might be undervalued at its previous close price of $16.50.
For investors intrigued by these insights, there are additional InvestingPro Tips available that could further inform investment decisions. By utilizing the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips and more detailed analytics.
With more InvestingPro Tips listed for Consumers Bancorp Inc, investors can gain a deeper understanding of the company's financial health and potential investment opportunities. Visit https://www.investing.com/pro/CBKM to explore these tips and consider whether Consumers Bancorp Inc aligns with your investment strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.