In a recent transaction on April 19, 2024, Thomas L. Travis, the President and CEO of Bank7 Corp. (NASDAQ:BSVN), sold 7,500 shares of the company's common stock. The shares were sold at a price of $27.0 each, totaling $202,500.
This sale has adjusted Travis's direct ownership in the company to 288,271 shares. It's worth noting that this figure includes various tranches of restricted stock units (RSUs) that are set to vest in the future. Specifically, the total includes 16,486 RSUs vesting in installments starting February 15, 2025, and continuing through 2027. Additionally, 13,535 RSUs from an original grant of 20,302 are scheduled to vest on the same date in 2024, 2025, and 2026. Another 7,500 RSUs from an original grant of 15,000 are set to vest on December 17 of 2022, 2023, 2024, and 2025. Moreover, 2,500 RSUs from an original grant of 10,000 will vest in installments on January 4 of 2022, 2023, 2024, and 2025. Lastly, 1,000 RSUs from an original grant of 5,000 are to vest on January 6 of 2021, 2022, 2023, 2024, and 2025.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. Bank7 Corp., headquartered in Oklahoma City, operates as a state commercial bank and is known for providing various banking products and services.
InvestingPro Insights
Following the recent transaction by Bank7 Corp.'s CEO, the company's stock performance and financial metrics provide a broader context for investors. As of the last twelve months, Bank7 Corp. (NASDAQ:BSVN) has demonstrated resilience in its financials, with a reported revenue growth of 1.31% and an impressive operating income margin of 55.17%. These figures suggest a robust operational efficiency within the company.
Investors also seem to be recognizing the company's value, as evidenced by a significant 25.04% price uptick over the last six months. This is further supported by the stock trading at 94.41% of its 52-week high, indicating strong investor confidence and a potential approach towards peak valuation levels.
Moreover, Bank7 has shown commitment to shareholder returns, raising its dividend for 3 consecutive years, with a current dividend yield of 3.07%. This commitment is a positive signal for income-focused investors, especially in a market where steady dividend growth is increasingly valued.
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