Bank7 (NASDAQ:BSVN) Sets New 12-Month High – Time to Buy?

Bank7 Corp. (NASDAQ:BSVN – Get Free Report) shares hit a new 52-week high during trading on Thursday. The company traded as high as $60.17 and last traded at $59.7730, with a volume of 2,150 shares changing hands. The stock had previously closed at $59.63.

Analyst Ratings Changes

Several research analysts have weighed in on BSVN shares. Royal Bank Of Canada set a $62.00 price target on shares of Bank7 in a report on Wednesday, September 23rd. Zacks Research upgraded Bank7 from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank7 in a research report on Wednesday, September 9th. Piper Sandler upped their target price on Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Finally, UBS Group reiterated a “buy” rating on shares of Bank7 in a research note on Friday, October 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Bank7 currently has an average rating of “Moderate Buy” and a consensus target price of $64.33.

View Our Latest Research Report on BSVN

Bank7 Stock Down 1.5%

The company has a market cap of $559.90 million, a price-to-earnings ratio of 13.66 and a beta of 0.74. The stock has a fifty day moving average price of $55.62 and a two-hundred day moving average price of $47.81.

Bank7 (NASDAQ:BSVN – Get Free Report) last announced its earnings results on Thursday, October 15th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Bank7 had a net margin of 30.55% and a return on equity of 15.96%. The company had revenue of $23.37 million during the quarter, compared to analysts’ expectations of $23.75 million. Analysts predict that Bank7 Corp. will post 3.87 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were paid a $0.30 dividend. This is a positive change from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, September 18th. This represents a $1.20 annualized dividend and a yield of 2.0%. Bank7’s dividend payout ratio is presently 27.91%.

Insiders Place Their Bets

In other Bank7 news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $57.61, for a total value of $100,817.50. Following the completion of the sale, the executive vice president owned 9,997 shares of the company’s stock, valued at $575,927.17. The trade was a 14.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 25.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BSVN. BlackRock Inc. bought a new position in shares of Bank7 during the second quarter worth approximately $28,930,000. The Manufacturers Life Insurance Company bought a new stake in shares of Bank7 in the second quarter valued at approximately $13,441,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bank7 in the second quarter valued at approximately $2,186,000. Hsbc Holdings PLC acquired a new stake in Bank7 during the second quarter worth approximately $1,534,000. Finally, Bank of New York Mellon Corp acquired a new stake in Bank7 during the second quarter worth approximately $1,257,000. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Company Profile

(Get Free Report)

Bank7 is a community bank headquartered in Oklahoma City, Oklahoma, and the principal subsidiary of Bank7 Corporation (NASDAQ: BSVN). Founded in 2004, the bank serves businesses, professionals and individual customers through banking locations in Oklahoma and Texas.

The bank provides a range of commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate lending, construction loans, commercial and industrial loans, residential real estate loans and consumer financing.

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