Beese Fulmer Takes 5.0% Stake in Consumers Bancorp
Ticker: CBKM · Form: SC 13G · Filed: Jan 23, 2024 · CIK: 1006830
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, ownership-change
TL;DR
**Beese Fulmer just bought 5% of Consumers Bancorp, signaling institutional confidence.**
AI Summary
Beese Fulmer Investment Management, Inc., an Ohio-based investment firm, has disclosed a significant stake in Consumers Bancorp, Inc. /OH/ (ticker: CBOH). As of December 31, 2023, Beese Fulmer beneficially owns 172,739 shares of CBOH's common stock, representing 5.0% of the company. This filing indicates a notable institutional investor believes in the value of Consumers Bancorp, which could signal confidence to current and prospective shareholders.
Why It Matters
This filing reveals a substantial institutional investment in Consumers Bancorp, suggesting a professional money manager sees upside potential in the company's stock.
Risk Assessment
Risk Level: low — This filing indicates an institutional investment, which is generally seen as a positive sign and does not inherently increase risk for shareholders.
Analyst Insight
A smart investor would view this as a positive signal, indicating that a professional investment firm sees value in Consumers Bancorp. It might warrant further research into CBOH's fundamentals and recent performance.
Key Numbers
- 172,739 — Shares Beneficially Owned (Represents the total shares of Consumers Bancorp common stock held by Beese Fulmer Investment Management, Inc.)
- 5.0% — Percentage of Class Owned (Indicates the proportion of Consumers Bancorp's common stock that Beese Fulmer Investment Management, Inc. now controls.)
- December 31, 2023 — Date of Event (The specific date on which Beese Fulmer's ownership crossed the threshold requiring this SC 13G filing.)
Key Players & Entities
- Beese Fulmer Investment Management, Inc. (company) — reporting person, institutional investor
- Consumers Bancorp, Inc. /OH/ (company) — subject company, issuer
- Ohio (person) — place of organization for Beese Fulmer
- 172,739 (dollar_amount) — shares beneficially owned
- 5.0% (dollar_amount) — percentage of class owned
- December 31, 2023 (person) — date of event requiring filing
Forward-Looking Statements
- Other institutional investors may take notice of Beese Fulmer's stake and initiate or increase their own positions in Consumers Bancorp. (Consumers Bancorp, Inc. /OH/) — medium confidence, target: Within 6 months
- Consumers Bancorp's stock price could see a modest positive reaction due to increased institutional ownership. (Consumers Bancorp, Inc. /OH/) — low confidence, target: Within 1 month
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Beese Fulmer Investment Management, Inc., an investment firm based in Ohio, as stated in the 'Names of Reporting Persons' section and the 'FILED BY' company data.
What is the subject company of this filing?
The subject company is Consumers Bancorp, Inc. /OH/, identified under 'Name of Issuer' and 'SUBJECT COMPANY' data in the filing.
How many shares of Consumers Bancorp, Inc. common stock does Beese Fulmer Investment Management, Inc. beneficially own?
Beese Fulmer Investment Management, Inc. beneficially owns 172,739 shares of Consumers Bancorp, Inc. common stock, as detailed in 'Number of Shares Beneficially Owned by Each Reporting Person With: 5. Sole Voting Power 172,739' and '9. Aggregate Amount Beneficially Owned by Each Report'.
What percentage of Consumers Bancorp, Inc.'s common stock does Beese Fulmer Investment Management, Inc. own?
Beese Fulmer Investment Management, Inc. owns 5.0% of Consumers Bancorp, Inc.'s common stock, as indicated in '13. Percent of Class Represented by Amount in Row (9) 5.0%'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 23, 2024 by Ohio regarding CONSUMERS BANCORP INC /OH/ (CBKM).