Bank7 Corp (NASDAQ:BSVN) has reported that Exec. Vice President and Chief Credit Officer, Jason E. Estes, has sold a total of $492,168 worth of company stock, according to the latest SEC filings. The transactions occurred over a span of three days, with prices ranging from $36.00 to $37.1756 per share.
Estes executed multiple sales of Bank7 Corp's common stock on the 16th, 17th, and 18th of July. On July 16th, he sold 4,964 shares at an average weighted price of $37.1756, while on the 17th, another 5,584 shares were sold at an average price of $36.0596. The final sale took place on July 18th, with 2,952 shares sold at $36.00 per share.
In addition to the sales, Estes also acquired shares through option exercises on the same dates. He exercised options to purchase 4,964 shares at $19.00 per share on July 16th, 5,584 shares at the same price on July 17th, and 4,452 shares on July 18th. Furthermore, Estes exercised options to buy another 3,750 shares at a price of $14.31 on the last day.
The total value of shares acquired by Estes through these option exercises amounted to $338,662, with the prices paid ranging between $14.31 and $19.00. These transactions have altered Estes's direct ownership in Bank7 Corp, as detailed in the SEC filing.
Investors and the market often scrutinize insider transactions as they can provide insights into an executive's perspective on the company's current valuation and future prospects. The full details of the transactions, including the exact number of shares sold at each price within the ranges, are available upon request to the SEC, the company, or any shareholder.
The reported transactions do not include any derivative securities such as employee stock options, which Estes also holds and are subject to different vesting schedules and exercise prices. These options are part of long-term incentive plans and their details, including expiration dates, are outlined in the footnotes of the SEC filing.
Bank7 Corp, headquartered in Oklahoma City, operates as a state commercial bank and provides various banking products and services. As with all insider transactions, the reported trades by Jason E. Estes are subject to regulatory oversight to ensure compliance with securities laws.
InvestingPro Insights
Following the recent insider transactions at Bank7 Corp (NASDAQ:BSVN), the market may also look towards several key metrics and analyst insights to gauge the company's performance and future prospects. According to InvestingPro data, Bank7 Corp currently holds a market capitalization of $335.42 million, with a P/E ratio sitting at 10.61, reflecting investor sentiment on its earnings capacity. Additionally, the company has maintained a steady P/E ratio over the last twelve months as of Q2 2024, demonstrating consistency in its valuation.
InvestingPro Tips highlight that Bank7 Corp has a history of raising its dividend, having done so for 3 consecutive years, which could be a sign of the company's commitment to returning value to shareholders. Furthermore, the company has experienced a significant return over the last week, with a 1 Week Price Total Return standing at 8.89%. This short-term performance, coupled with a strong return over the last year of 55.34%, may attract investors looking for growth in their portfolio.
However, potential investors should be aware that 2 analysts have revised their earnings downwards for the upcoming period, which could indicate future challenges. Additionally, the company's stock price movements have been quite volatile, a factor that risk-averse investors might consider. For those interested in exploring more about Bank7 Corp and uncovering additional InvestingPro Tips, further insights can be found at Investing.com/pro/BSVN. There are 11 additional tips available on InvestingPro, providing a more comprehensive picture of the company's financial health and performance.
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