In a recent transaction, Edward Patrick Gray, a director at Bank7 Corp. (NASDAQ:BSVN), has increased his stake in the company through the purchase of shares. On April 25, Gray acquired 1,000 shares of Bank7 Corp. common stock at a price of $27.2538 per share, investing a total of $27,253.
This purchase brings Gray's total direct and indirect holdings in Bank7 Corp. to 2,500 shares through a trust, where he serves as the sole trustee with voting and dispositive power. The transaction reflects Gray's ongoing commitment to the company and adds to his existing stake in the state commercial bank.
Investors often monitor insider transactions such as these to gain insight into the confidence that company executives and directors have in the financial health and prospects of their organizations. Gray's acquisition of additional shares could be interpreted as a signal of his belief in the company's value and future performance.
Bank7 Corp., based in Oklahoma City, operates as a state commercial bank and has been serving its community with a variety of financial services. The company's stock is publicly traded on the NASDAQ exchange, where it is followed by investors interested in the financial sector.
It is important to note that the reported transaction does not include 875 restricted stock units that are set to vest on February 15, 2025. These units are part of Gray's overall compensation and holdings in the company but are separate from the latest purchase.
The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, which is a requirement for insiders of publicly traded companies to report their trades.
InvestingPro Insights
Following the news of Edward Patrick Gray's increased investment in Bank7 Corp., a look at the company's financial metrics through InvestingPro reveals a mixed picture. With a market capitalization of $250.36 million and a notably low price-to-earnings (P/E) ratio of 8.28, Bank7 Corp. is positioned as a potentially undervalued player in the banking sector. The slight adjustment in the P/E ratio to 8.36 when looking at the last twelve months as of Q1 2024 suggests stability in the company's valuation relative to its earnings.
InvestingPro Tips highlight that Bank7 Corp. has consistently raised its dividend for the past three years, which could be a sign of the company's commitment to returning value to shareholders. The current dividend yield stands at 3.11%, and the dividend growth over the last twelve months has been substantial at 31.25%. This is particularly compelling for income-focused investors. Additionally, analysts predict that Bank7 Corp. will be profitable this year, which is supported by the company being profitable over the last twelve months.
On the other hand, three analysts have revised their earnings expectations downwards for the upcoming period, and the company suffers from weak gross profit margins. Despite these concerns, Bank7 Corp.'s stock has experienced a large price uptick over the last six months, with a 27.62% total return, indicating investor optimism.
For those interested in a deeper dive into Bank7 Corp.'s financials and future prospects, InvestingPro offers additional insights. There are 5 more InvestingPro Tips available for Bank7 Corp. at https://www.investing.com/pro/BSVN. To access these tips and more detailed analytics, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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