Insider Buying: Community Bank Shares of Indiana Director Buys 6,973 Shares of Stock (CBIN)
Community Bank Shares of Indiana (NASDAQ:CBIN) Director Gary L. Libs bought 6,973 shares of the stock on the open market in a transaction dated Friday, August 8th. The stock was purchased at an average price of $26.25 per share, for a total transaction of $183,041.25. Following the acquisition, the director now directly owns 144,008 shares of the company’s stock, valued at approximately $3,780,210. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Community Bank Shares of Indiana (NASDAQ:CBIN) remained flat at $26.25 during trading on Monday. Community Bank Shares of Indiana has a one year low of $17.76 and a one year high of $28.72. The stock’s 50-day moving average is $26.09 and its 200-day moving average is $24.03. The company has a market cap of $90.7 million and a price-to-earnings ratio of 10.80.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Monday, August 4th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, July 31st.
Community Bank Shares of Indiana, Inc is a bank holding company. The Company’s wholly owned banking subsidiaries include Your Community Bank (NASDAQ:CBIN) and The Scott County State Bank (SCSB), collectively referred to as the Banks.
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