Lisa K. Haines, the Executive Vice President and Chief Marketing Officer of Bank7 Corp. (NASDAQ:BSVN), has recently sold a significant number of company shares. According to the latest regulatory filings, Haines sold 8,062 shares of Bank7 Corp. at an average price of $36.2899, netting a total of approximately $292,569.
The transactions occurred on July 18, 2024, and were disclosed in a Form 4 filing with the Securities and Exchange Commission on July 22, 2024. It's noteworthy that the prices at which the shares were sold ranged from $36.25 to $36.43, as indicated by the weighted average price provided in the footnote of the filing.
In addition to the sale, Haines engaged in multiple acquisitions of Bank7 Corp. stock through the exercise of employee stock options. These transactions involved the acquisition of 5,000 shares at $19.00 per share, 1,750 shares at $18.49 per share, and 1,312 shares at $14.31 per share. The total value of these acquired shares amounted to $146,132, reflecting a price range between $14.31 and $19.00.
Following these transactions, Haines' direct ownership in Bank7 Corp. has adjusted to reflect the changes. It should be noted that Haines also has an indirect interest in additional shares held in trust, as detailed in the filing's footnotes.
These financial moves by a high-ranking executive of Bank7 Corp. provide investors with insights into insider activity within the company. The disclosed sales and purchases of stock are part of the routine reporting that executives are required to make, offering transparency into their transactions with the company's securities.
InvestingPro Insights
Amidst the recent insider trading activity at Bank7 Corp. (NASDAQ:BSVN), investors may find it useful to consider the company's financial health and market performance. An analysis of InvestingPro data reveals a market capitalization of $346.9 million and a price-to-earnings (P/E) ratio of 10.83, which is slightly adjusted to 10.93 on a last twelve months basis as of Q2 2024. This P/E ratio suggests a reasonable valuation relative to earnings, potentially attracting value investors.
Bank7's performance has been marked by strong returns, including a 56.88% total return over the last year and a 37.11% year-to-date price total return. The company is trading near its 52-week high, at 98.92% of this benchmark, indicating robust investor confidence and momentum in the stock price.
Moreover, two InvestingPro Tips that stand out are the company's consistent dividend growth, having raised its dividend for 3 consecutive years, and the fact that analysts predict the company will be profitable this year. These aspects are particularly relevant for income-focused investors and those looking for stable earnings growth. For those interested in more detailed analysis, there are an additional 11 InvestingPro Tips available, which can be accessed by visiting: https://www.investing.com/pro/BSVN. Remember to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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