CSB Bancorp Chief Executive Expands Personal Stake Near 52-Week High

CEO Eddie L. Steiner increases his stake in CSB Bancorp with open-market purchases, signaling strong insider confidence despite the stock trading near its yearly peak.

The CEO of CSB Bancorp, Eddie L. Steiner, has made a significant addition to his holdings in the company, a move that comes as the stock trades close to its highest level in a year. These open-market purchases, executed this week, signal strong insider confidence despite the elevated share price.

Details of the Recent Transactions

According to a filing with the U.S. Securities and Exchange Commission (SEC) on Friday, Steiner acquired a total of 1,270 shares in two separate trading sessions. The transactions took place on Wednesday and Thursday, with prices ranging from $56.50 to $57.50 per share.

A breakdown of the purchases shows that on Wednesday, 320 shares were bought at $57.50 each. The following day, two separate blocks were added: 435 shares at $56.50 and another 515 shares at exactly $57.00. Following these acquisitions, Steiner’s direct ownership now exceeds 33,500 shares. This figure does not include additional shares held indirectly through an Individual Retirement Account (IRA).

A Pattern of Consistent Accumulation

This latest activity continues a trend of steady investment by the company’s leadership. Just earlier this month, on February 5, Steiner purchased 500 shares through the company’s Dividend Reinvestment Plan (DRIP) at a price of $57.01.

The timing of these investments is particularly notable. CSB Bancorp, with a current market capitalization of approximately $141 million, is seeing its stock trade near its 52-week peak. The executive’s decision to buy at these levels suggests an internal belief that the equity retains further potential, even after recent appreciable gains. Through these consistent purchases, Steiner reinforces his position as one of the bank’s largest individual shareholders.