GREENFIELD, WI - In a recent move that may catch the eye of investors, Clarence Harris, a director at 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), has increased his stake in the company through the purchase of shares valued at a total of $7,340. This transaction was executed over two days, with shares acquired at prices ranging between $7.34 and $7.35.
The first transaction, dated May 29, 2024, involved the purchase of 17 shares at $7.35 each. Following this acquisition, Harris executed a larger transaction on May 30, purchasing 983 shares at $7.34 per share. Post (NYSE:POST) these transactions, Harris now directly owns a total of 1,000 shares in the savings institution, which is not federally chartered.
The purchases by Harris are noteworthy as they represent a direct investment in 1895 Bancorp of Wisconsin, signaling a vote of confidence in the financial institution's future performance. Shareholders and potential investors often monitor such insider activities as indicators of an executive’s belief in the company's prospects.
1895 Bancorp of Wisconsin, Inc., headquartered on West Edgerton Avenue in Greenfield, operates within the financial sector, providing banking services primarily in the state of Maryland. The company's stock trades under the ticker symbol BCOW on the NASDAQ exchange.
The details of these transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, with the signature of Marc Levy, pursuant to power of attorney, dated May 30, 2024. The document confirms the acquisition of shares by Clarence Harris and provides transparency into the trading activities of the company's directors.
Investors often look to such filings for insights into insider sentiment, and the recent purchases by Harris at 1895 Bancorp of Wisconsin will likely be interpreted as a positive sign by the market.
InvestingPro Insights
In light of the recent share purchases by Clarence Harris, director at 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), investors may seek additional context to gauge the company's financial health and future prospects. InvestingPro data and tips offer valuable insights that can complement the understanding of BCOW's current standing.
InvestingPro Data reveals a market capitalization of $42.59 million, indicating the size of the company in the financial sector. However, the P/E ratio stands at -5.98, and the adjusted P/E ratio for the last twelve months as of Q1 2024 is -6.32, suggesting that the company has faced challenges in generating profits relative to its share price. Additionally, the revenue growth shows a significant decline of -38.12% over the last twelve months as of Q1 2024, which could be a concern for investors looking for growth opportunities.
Investors should note that InvestingPro Tips highlight that 1895 Bancorp of Wisconsin suffers from weak gross profit margins and has not been profitable over the last twelve months. Moreover, BCOW does not currently pay a dividend to shareholders, which might be a factor for income-focused investors to consider.
For those interested in a deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/BCOW that could further inform investment decisions. Utilize the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking access to a total of three InvestingPro Tips for BCOW, which may provide a more comprehensive understanding of the company's financial nuances.
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