In a recent transaction, Suzanne Mikes, the SVP and Chief Credit Officer of Consumers Bancorp Inc. (NASDAQ:CBKM), purchased shares of the company's common stock. The transaction, which occurred on April 25, 2024, involved Mikes acquiring 200 shares at a price of $16.48 per share, totaling approximately $3,296.
This acquisition has increased Mikes' holdings in Consumers Bancorp, with the post-transaction amount reaching 7,436.624 shares, including those acquired through the company's dividend reinvestment plan. This detail was noted in the footnotes of the official filing.
Investors often monitor insider transactions as they can provide insights into executives' confidence in their company's current status and future prospects. The purchase by a high-ranking officer such as Mikes could be seen as a positive signal to the market, reflecting a commitment to the company's growth and value.
As with all insider transactions, this information is made public through mandatory filings to ensure transparency in the financial markets. Consumers Bancorp Inc., a national commercial bank headquartered in Ohio, is required to report such transactions, allowing investors to stay informed about significant insider trades.
InvestingPro Insights
Amidst the insider activity at Consumers Bancorp Inc. (NASDAQ:CBKM), investors considering the stock may find the latest InvestingPro Data and Tips quite illuminating. With a market capitalization of $49.86 million, the company presents itself as a potentially undervalued opportunity, trading at a low earnings multiple with a P/E ratio of just 5.44, reflecting its earnings over the last twelve months as of Q3 2024.
InvestingPro Tips highlight that Consumers Bancorp has not only raised its dividend for 7 consecutive years but has also maintained dividend payments for an impressive 26 consecutive years. This consistency in returning value to shareholders is complemented by a dividend yield of 4.5%, which is notably attractive in the current market. Additionally, the company has been profitable over the last twelve months, which could reassure investors of its financial health.
However, the company does face challenges, as indicated by a slight decline in revenue growth, with a -1.86% change over the last twelve months as of Q3 2024. This is mirrored in the quarterly figure, showing a -2.57% change. Despite this, the company's operating income margin remains strong at 32.29%, suggesting efficient management of its operations.
For those interested in a deeper dive into Consumers Bancorp's financials and for more InvestingPro Tips, you can visit InvestingPro. There are an additional 5 tips available, which could provide further insights into the company's investment potential. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.