Bank7 (NASDAQ:BSVN) Hits New 52-Week High – Here’s Why

Bank7 Corp. (NASDAQ:BSVNGet Free Report)’s share price hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $57.68 and last traded at $57.43, with a volume of 117027 shares changing hands. The stock had previously closed at $52.45.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BSVN. Weiss Ratings raised Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Keefe, Bruyette & Woods increased their price target on shares of Bank7 from $54.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Piper Sandler increased their price objective on Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.50.

Check Out Our Latest Research Report on Bank7

Bank7 Stock Up 9.5%

The firm has a fifty day moving average of $50.97 and a 200-day moving average of $45.71. The stock has a market capitalization of $547.08 million, a price-to-earnings ratio of 13.14 and a beta of 0.87.

Bank7 (NASDAQ:BSVNGet Free Report) last posted its earnings results on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.16). Bank7 had a net margin of 30.36% and a return on equity of 16.48%. The firm had revenue of $22.91 million during the quarter, compared to analyst estimates of $23.86 million. As a group, research analysts forecast that Bank7 Corp. will post 4.26 EPS for the current fiscal year.

Bank7 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Friday, September 18th will be given a $0.30 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. This is a boost from Bank7’s previous quarterly dividend of $0.27. Bank7’s payout ratio is presently 27.46%.

Insider Buying and Selling

In related news, VP Jason Estes sold 2,077 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total value of $104,203.09. Following the sale, the vice president directly owned 103,840 shares of the company’s stock, valued at approximately $5,209,652.80. This represents a 1.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 5,702 shares of company stock valued at $284,373. 25.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Bank7

Several institutional investors and hedge funds have recently modified their holdings of BSVN. PNC Financial Services Group Inc. increased its stake in shares of Bank7 by 60.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock worth $64,000 after purchasing an additional 604 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Bank7 by 30.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after buying an additional 420 shares in the last quarter. California State Teachers Retirement System lifted its stake in Bank7 by 1,177.0% in the 2nd quarter. California State Teachers Retirement System now owns 2,937 shares of the company’s stock valued at $144,000 after buying an additional 2,707 shares in the last quarter. Globeflex Capital L P acquired a new stake in Bank7 during the 2nd quarter valued at $159,000. Finally, Wells Fargo & Company MN grew its holdings in Bank7 by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after buying an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Bank7 Company Profile

(Get Free Report)

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.

Further Reading

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