GREENFIELD, WI – In a recent transaction on June 6, 2024, Clarence Harris, a director at 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), increased his stake in the company. The director purchased 3 shares of common stock at a price of $7.32 per share, amounting to a total investment of $21.
This purchase by Harris is a direct ownership transaction, as reported in the latest regulatory filings. Following the acquisition, Harris now holds a total of 1,100 shares in 1895 Bancorp of Wisconsin, Inc. The transaction was made public through a Form 4 document filed with the Securities and Exchange Commission (SEC) on June 20, 2024.
1895 Bancorp of Wisconsin operates within the savings institutions sector, not federally chartered, under the standard industrial classification code 6036. The company's shares are traded on the NASDAQ stock exchange under the ticker symbol BCOW, and it is incorporated in Maryland.
Investors often monitor insider transactions such as these for insights into how company executives and directors view the stock's value and prospects. The recent purchase by Director Harris may be seen as a sign of confidence in the future performance of the company, although such transactions are not uncommon and can be influenced by various personal financial considerations.
The signature on the ownership document was provided by Marc Levy, pursuant to the power of attorney, indicating that it was filed on behalf of Clarence Harris. Investors and the market will continue to observe insider activity for indications of the company's direction and the alignment of interests between shareholders and management.
InvestingPro Insights
In light of the recent insider transaction at 1895 Bancorp of Wisconsin, Inc. (NASDAQ:BCOW), where Director Clarence Harris increased his holdings in the company, potential investors may find it beneficial to consider certain financial metrics and analyses from InvestingPro. Despite the expression of confidence from Harris, InvestingPro Tips suggest that the company suffers from weak gross profit margins and has not been profitable over the last twelve months. Furthermore, BCOW does not pay a dividend to shareholders, which might be a consideration for income-focused investors.
As of the last twelve months as of Q1 2024, 1895 Bancorp of Wisconsin showcased a market capitalization of $41.85 million. The company's P/E ratio stood at -6.21, reflecting its lack of profitability during this period. Additionally, the revenue growth for the company has been negative, with a significant decrease of -40.67%, indicating potential challenges in the company's operations or market conditions.
Despite these challenges, the company's stock price is at 90.96% of its 52-week high, and the InvestingPro Fair Value estimate is at $6.32, which could suggest that the market has already priced in some of the company's current difficulties. For those considering a deeper dive into BCOW's financials, InvestingPro offers more tips and a comprehensive analysis, which could further inform investment decisions. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to valuable insights that could make a difference in investment outcomes. There are a total of 3 additional InvestingPro Tips available for BCOW at https://www.investing.com/pro/BCOW.
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