Bank7 (NASDAQ:BSVN) Reaches New 1-Year High – Time to Buy?

Bank7 Corp. (NASDAQ:BSVN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $55.41 and last traded at $53.3040, with a volume of 2630 shares traded. The stock had previously closed at $52.34.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Piper Sandler lifted their price target on shares of 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bank7 currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

Bank7 Trading Up 0.2%

The stock’s 50 day moving average price is $49.00 and its 200 day moving average price is $44.85. The company has a market capitalization of $499.84 million, a price-to-earnings ratio of 12.00 and a beta of 0.90.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.16). The company had revenue of $22.91 million during the quarter, compared to the consensus estimate of $23.86 million. Bank7 had a net margin of 30.36% and a return on equity of 16.74%. On average, research analysts expect that Bank7 Corp. will post 4.26 earnings per share for the current year.

Insider Buying and Selling

In other Bank7 news, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the transaction, the insider owned 16,647 shares of the company’s stock, valued at $733,633.29. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason E. Estes sold 3,225 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $49.51, for a total value of $159,669.75. Following the transaction, the vice president directly owned 101,898 shares in the company, valued at $5,044,969.98. The trade was a 3.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,702 shares of company stock worth $328,443. Company insiders own 25.71% of the company’s stock.

Institutional Investors Weigh In On Bank7

A number of hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in Bank7 in the 1st quarter worth about $227,000. Goldman Sachs Group Inc. boosted its holdings in shares of Bank7 by 11.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,145 shares in the last quarter. Geode Capital Management LLC boosted its stake in Bank7 by 2.5% in the second quarter. Geode Capital Management LLC now owns 101,428 shares of the company’s stock valued at $4,243,000 after buying an additional 2,442 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Bank7 by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock valued at $534,000 after purchasing an additional 245 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Bank7 by 13.3% during the second quarter. Russell Investments Group Ltd. now owns 28,829 shares of the company’s stock worth $1,206,000 after buying an additional 3,378 shares during the last quarter. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Company Profile

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.