In a recent transaction, an executive at Bank7 Corp. (NASDAQ:BSVN), a state commercial bank, sold shares of the company's stock. The executive, Litchfield Henry, who serves as the Vice President and General Counsel, completed the sale on May 21, 2024.
Henry sold a total of 451 shares of Bank7 Corp. common stock at a price of $30.00 per share, resulting in a total value of $13,530. This sale occurred on the same day that Henry acquired 451 shares through an option exercise with a transaction price of $19.00 per share, amounting to a total of $8,569.
Following these transactions, Henry's direct ownership in Bank7 Corp. includes a total of 12,302 shares of common stock. It's important to note that this figure includes 3,500 restricted stock units that vest in four equal installments on February 15 of 2025, 2026, 2027, and 2028, as well as 3,750 restricted stock units from an original grant of 5,000 units with vesting dates on February 15 of 2024, 2025, 2026, and 2027. Additionally, Henry holds 875 restricted stock units from an original grant of 1,750 units that vest on December 17 of 2022, 2023, 2024, and 2025, and 200 restricted stock units from an original grant of 1,000 units vesting on January 6 of each year from 2021 to 2025.
The transactions were publicly disclosed in a filing with the Securities and Exchange Commission. Bank7 Corp. has not made any additional comments on the transactions. Investors and market watchers often look to insider buying and selling as a signal of executive confidence in the company's prospects, although such transactions can also be part of personal financial management strategies.
Bank7 Corp., headquartered in Oklahoma City, Oklahoma, operates within the financial sector, providing banking services to its customers.
InvestingPro Insights
Amid the recent insider transactions at Bank7 Corp. (NASDAQ:BSVN), investors may gain additional context from the company's financial performance and market position. Bank7 Corp. has demonstrated consistency in rewarding its shareholders, having raised its dividend for three consecutive years. This commitment to shareholder returns is reflected in the company's notable dividend yield of 2.79% as of the first quarter of 2024. In addition, the company has delivered a strong return over the last five years, which may instill confidence in long-term investors.
From a valuation perspective, Bank7 Corp. holds a market capitalization of approximately $274.48 million, with a price-to-earnings (P/E) ratio of 9.37, indicating a potentially attractive valuation relative to earnings. The company's revenue growth in the first quarter of 2024, at 18.88% quarterly, suggests a robust upward trajectory in its financial performance. Despite concerns about the company's gross profit margins, Bank7 Corp. is trading near its 52-week high, with the price at 97.22% of this peak, which could signal market optimism about the company's future prospects.
For those interested in a deeper dive into Bank7 Corp.'s financials and market outlook, there are additional InvestingPro Tips available that could provide further insights into potential investment strategies. With the use of the coupon code PRONEWS24, investors can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking access to a broader range of analytical tools and data points. Currently, there are 7 more InvestingPro Tips listed for Bank7 Corp. on their InvestingPro platform.
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