Bank7 (NASDAQ:BSVN) EVP Sells $100,817.50 in Stock

Bank7 Corp. (NASDAQ:BSVN) EVP Darrell Lee Jr. Mathews sold 1,750 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total transaction of $100,817.50. Following the transaction, the executive vice president directly owned 9,997 shares in the company, valued at $575,927.17. The trade was a 14.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Bank7 Stock Performance

Shares of NASDAQ:BSVN opened at $58.55 on Friday. The company has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $49.32. Bank7 Corp. has a one year low of $38.29 and a one year high of $59.07. The stock has a market capitalization of $557.98 million, a price-to-earnings ratio of 13.62 and a beta of 0.85.

Bank7 (NASDAQ:BSVN) last posted 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. Bank7 had a return on equity of 15.96% and a net margin of 30.55%. The firm had revenue of $23.37 million during the quarter, compared to the consensus estimate of $23.75 million. As a group, research analysts forecast that Bank7 Corp. will post 3.87 EPS for the current fiscal year.

Bank7 Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 annualized dividend and a yield of 2.0%. This is an increase from Bank7’s previous quarterly dividend of $0.27. Bank7’s dividend payout ratio is presently 27.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Bank7 from $61.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Zacks Research downgraded Bank7 from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank7 in a report on Wednesday, September 9th. Keefe, Bruyette & Woods lifted their price target on Bank7 from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, September 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Bank7 in a research report on Friday, October 16th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bank7 has an average rating of “Moderate Buy” and an average price target of $64.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position 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 valued at $64,000 after acquiring an additional 604 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Bank7 by 14.4% during the 2nd quarter. Squarepoint Ops LLC now owns 11,511 shares of the company’s stock worth $563,000 after acquiring an additional 1,448 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Bank7 by 6.1% during the 2nd quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $1,534,000 after acquiring an additional 1,810 shares in the last quarter. R Squared Ltd boosted its stake in shares of Bank7 by 37.2% during the 1st quarter. R Squared Ltd now owns 7,176 shares of the company’s stock worth $286,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Bank7 in the 2nd quarter worth approximately $159,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

About Bank7

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.