Shares of Bank7 Corp. (NASDAQ:BSVN – Get Free Report) saw an uptick in trading volume on Tuesday. 18,933 shares were traded during trading, a decline of 23% from the previous session’s volume of 24,487 shares. The stock last traded at $58.5990 and had previously closed at $57.13.
Wall Street Analyst Weigh In
A number of research firms have commented on BSVN. Weiss Ratings restated a “buy (b)” rating on shares of Bank7 in a research note on Wednesday, September 9th. Piper Sandler lifted their price target on shares of Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Friday. Zacks Research lowered shares of Bank7 from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. UBS Group reiterated a “buy” rating on shares of Bank7 in a research report on Friday. Finally, Royal Bank Of Canada set a $62.00 price objective on shares of Bank7 in a research note on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.33.
View Our Latest Stock Report on Bank7
Bank7 Trading Up 1.1%
The stock has a 50 day simple moving average of $54.12 and a 200-day simple moving average of $48.89. The firm has a market cap of $550.21 million, a PE ratio of 13.39 and a beta of 0.85.
Bank7 (NASDAQ:BSVN – Get Free Report) last announced its quarterly earnings data on Thursday, October 15th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $23.37 million for the quarter, compared to the consensus estimate of $23.75 million. Bank7 had a return on equity of 15.96% and a net margin of 30.55%. On average, equities research analysts expect that Bank7 Corp. will post 3.80 EPS for the current year.
Bank7 Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Friday, September 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. This is a boost from Bank7’s previous quarterly dividend of $0.27. Bank7’s payout ratio is presently 27.91%.
Insider Buying and Selling
In other Bank7 news, VP Jason Estes sold 2,077 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total value of $104,203.09. Following the completion of the transaction, the vice president directly owned 103,840 shares in the company, valued at $5,209,652.80. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 25.71% of the company’s stock.
Institutional Investors Weigh In On Bank7
A number of institutional investors have recently added to or reduced their stakes in BSVN. Squarepoint Ops LLC boosted its position in shares of Bank7 by 14.4% during the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company’s stock worth $563,000 after acquiring an additional 1,448 shares during the last quarter. Hsbc Holdings PLC grew its stake in Bank7 by 6.1% during the second quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock valued at $1,534,000 after acquiring an additional 1,810 shares in the last quarter. Bank of America Corp DE purchased a new position in Bank7 during the second quarter valued at $909,000. The Manufacturers Life Insurance Company bought a new stake in Bank7 in the 2nd quarter valued at $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bank7 in the 2nd quarter valued at $2,186,000. 23.48% of the stock is owned by hedge funds and other institutional investors.
About Bank7
Bank7 Corp. (NASDAQ: BSVN) is the bank holding company for Bank7, a community-focused financial institution headquartered in Oklahoma City, Oklahoma. The bank provides banking and financial services to businesses, professionals and individuals, with an emphasis on relationship-based service and customized lending solutions.
Bank7 offers commercial and industrial loans, commercial real estate financing, energy-related lending, residential and consumer loans, and other credit products. Its deposit and treasury management services include checking and savings accounts, certificates of deposit, online and mobile banking, cash management, and related business banking tools.
The company primarily serves customers in Oklahoma and surrounding markets, including selected communities in Texas.
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