Have Insiders Sold Bank7 Shares Recently?
BANK7 BSVN | 0.00 |
We'd be surprised if Bank7 Corp. (NASDAQ:BSVN) shareholders haven't noticed that the President, Thomas Travis, recently sold US$312k worth of stock at US$48.01 per share. However, the silver lining is that the sale only reduced their total holding by 2.6%, so we're hesitant to read anything much into it, on its own.
Bank7 Insider Transactions Over The Last Year
In fact, the recent sale by President Thomas Travis was not their only sale of Bank7 shares this year. Earlier in the year, they fetched US$49.36 per share in a -US$646k sale. That means that an insider was selling shares at slightly below the current price (US$50.40). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 5.1% of Thomas Travis's holding.
Bank7 insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Insider Ownership Of Bank7
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Bank7 insiders own 55% of the company, worth about US$265m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Bank7 Insiders?
Insiders haven't bought Bank7 stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
