John W. Parkinson, a director at Consumers Bancorp Inc. (OTC:CBKM), recently acquired shares in several transactions, according to a filing with the Securities and Exchange Commission. Over two days, Parkinson purchased a total of 710 shares of the common stock, with prices ranging from $18.50 to $18.90 per share. The transactions, which took place on October 24 and 25, amounted to a total value of approximately $13,272.
The purchases increased Parkinson's direct ownership to 16,822.038 shares, with some shares acquired through a dividend reinvestment plan. Additionally, Parkinson holds 5,890 shares indirectly, attributed to his spouse.
InvestingPro Insights
John W. Parkinson's recent acquisition of Consumers Bancorp Inc. (OTC:CBKM) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock is currently trading near its 52-week high, suggesting strong market confidence. This upward momentum is further supported by impressive price total returns, with a 30.61% gain over the past year and a 12.15% increase year-to-date.
InvestingPro Tips reveal that Consumers Bancorp has maintained dividend payments for 26 consecutive years and has raised its dividend for 7 consecutive years. This consistent dividend history, coupled with a current dividend yield of 4.02%, may be particularly appealing to income-focused investors like Parkinson.
The company's financial health appears robust, with a low P/E ratio of 6.85, indicating potential undervaluation. Additionally, Consumers Bancorp has been profitable over the last twelve months, with an operating income margin of 30.35% for the same period.
For investors seeking a more comprehensive analysis, InvestingPro offers 6 additional tips that could provide further insights into Consumers Bancorp's investment potential.
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