GREENFIELD, WI – In a recent move that has caught the attention of the market, Kristina Hill, a director at 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), has acquired additional shares in the company. The transactions, which took place on May 31, 2024, involved the purchase of company stock with a total value of approximately $14,949.
The SEC filing revealed a series of purchases at prices ranging from $7.34 to $7.4893 per share. The investment was made through an Individual Retirement Account (IRA), indicating a long-term perspective on the part of the director. Hill's purchase included 85 shares at $7.34 each, 300 shares at $7.47 each, 1,100 shares at $7.48 each, and 515 shares at $7.4893 each. Following these transactions, the director's holdings in 1895 Bancorp of Wisconsin have increased to a total of 2,000 shares.
The acquisition of stock by a company insider is often scrutinized by investors as it may reflect the confidence that management has in the future prospects of the business. 1895 Bancorp of Wisconsin, a savings institution not federally chartered, operates out of Greenfield, Wisconsin, and is known for its community-oriented banking services.
Investors and market watchers will likely keep an eye on the company's performance and any further insider transactions to gauge the direction in which the insiders believe the company is heading. The recent purchase by Director Hill has provided some positive sentiment towards the company's stock, which could influence investor decisions in the near term.
InvestingPro Insights
As investors consider the implications of Director Kristina Hill's recent share purchases in 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), it's essential to look at some of the financial metrics that may influence the company's valuation and future performance. According to InvestingPro data, BCOW currently holds a market capitalization of $40.74 million. The company's price-to-earnings (P/E) ratio stands at -5.99, reflecting its current lack of profitability as of the last twelve months ending Q1 2024. Moreover, the P/E ratio adjusted for the same period is slightly lower at -6.19.
InvestingPro Tips suggest that the company suffers from weak gross profit margins and has not been profitable over the last twelve months. Additionally, BCOW does not pay a dividend to shareholders, which may impact the investment strategy of those seeking income-generating assets. These factors should be taken into account when evaluating the confidence expressed by insider transactions like those of Director Hill.
Furthermore, the revenue for BCOW in the last twelve months as of Q1 2024 was $9.94 million, with a notable decline in revenue growth of -38.12% during the same period. This significant downturn in revenue growth is a critical factor for potential investors to consider, especially in light of the recent insider buying activity. The company's stock price is currently at 90.12% of its 52-week high, with a previous close at $7.3.
For those interested in a deeper analysis, InvestingPro offers additional tips on 1895 Bancorp of Wisconsin, which can be accessed through the dedicated page: https://www.investing.com/pro/BCOW. Investors can also take advantage of a special offer to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription using the coupon code PRONEWS24.
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