Bank7 (NASDAQ:BSVN) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Bank7 (NASDAQ:BSVN) posted its earnings results on Thursday. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.06, FiscalAI reports. Bank7 had a net margin of 30.36% and a return on equity of 16.48%. The business had revenue of $23.37 million during the quarter, compared to the consensus estimate of $23.75 million.

Bank7 Stock Down 0.3%

Shares of Bank7 stock opened at $55.02 on Thursday. The business has a 50-day moving average price of $53.73 and a 200-day moving average price of $48.53. Bank7 has a twelve month low of $38.29 and a twelve month high of $57.67. The firm has a market cap of $524.12 million, a price-to-earnings ratio of 12.59 and a beta of 0.85.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were issued a dividend of $0.30 per share. This is a boost from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Bank7’s payout ratio is currently 27.46%.

Insider Buying and Selling

In other Bank7 news, VP Jason Estes sold 3,225 shares of the firm’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 transaction of $159,669.75. Following the completion of the transaction, the vice president owned 101,898 shares in the company, valued at $5,044,969.98. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 5,702 shares of company stock worth $284,373 over the last three months. 25.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BSVN has been the subject of several analyst reports. Piper Sandler increased their target price on shares of Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Keefe, Bruyette & Woods raised their target price on shares of Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank7 in a report on Wednesday, September 9th. Royal Bank Of Canada set a $62.00 price target on shares of Bank7 in a report on Wednesday, September 23rd. Finally, Zacks Research lowered shares of Bank7 from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bank7 has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.

Bank7 Company Profile

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.