Derek G. Williams, the Senior Vice President of Retail Operations & Sales at Consumers Bancorp Inc. (OTC:CBKM), recently purchased 100 shares of the company's common stock. The transaction, dated October 24, was executed at a price of $18.75 per share, bringing the total value of the purchase to $1,875. Following this acquisition, Williams now directly owns approximately 12,125 shares of the company.
InvestingPro Insights
Derek G. Williams' recent purchase of Consumers Bancorp Inc. (OTC:CBKM) shares aligns with several positive indicators highlighted by InvestingPro. The company is currently trading at a low earnings multiple, with a P/E ratio of 6.76, suggesting potential undervaluation. This could explain Williams' decision to increase his stake in the company.
Moreover, CBKM has demonstrated a strong commitment to shareholder returns. According to InvestingPro Tips, the company has raised its dividend for 7 consecutive years and has maintained dividend payments for an impressive 26 consecutive years. The current dividend yield stands at 4.11%, which may be attractive to income-focused investors.
The company's stock is trading near its 52-week high, with the price at 97.88% of its 52-week peak. This performance is reflected in the stock's robust total returns, with a 27.85% price total return over the past year. Despite these gains, CBKM's price-to-book ratio of 0.79 suggests the stock may still be undervalued relative to its book value.
It's worth noting that while CBKM has shown strength in many areas, an InvestingPro Tip indicates that the company suffers from weak gross profit margins. This could be an area for potential improvement that investors may want to monitor.
For those interested in a deeper analysis, InvestingPro offers 6 additional tips for Consumers Bancorp Inc., providing a more comprehensive view of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.