Bank7 (NASDAQ:BSVN) Sets New 12-Month High – Still a Buy?

Bank7 Corp. (NASDAQ:BSVN) hit a new 52-week high on Thursday. The company traded as high as $59.04 and last traded at $59.1750, with a volume of 7,688 shares traded. The stock had previously closed at $57.72.

Wall Street Analyst Weigh In

A number of analysts recently commented on BSVN shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank7 in a research report on Wednesday, September 9th. Piper Sandler lifted their target price on Bank7 from $61.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Zacks Research cut Bank7 from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. UBS Group restated a “buy” rating on shares of Bank7 in a report on Friday, October 16th. Finally, Keefe, Bruyette & Woods increased their target price on Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bank7 currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.

Bank7 Price Performance

The company has a market capitalization of $560.36 million, a price-to-earnings ratio of 13.67 and a beta of 0.85. The firm has a 50-day moving average price of $54.36 and a two-hundred day moving average price of $49.13.

Bank7 (NASDAQ:BSVN) 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. The business had revenue of $23.37 million for the quarter, compared to analyst estimates of $23.75 million. Bank7 had a return on equity of 15.96% and a net margin of 30.55%. On average, equities analysts predict that Bank7 Corp. will post 3.87 EPS for the current year.

Bank7 Increases Dividend

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

Insider Buying and Selling at Bank7

In related news, VP Jason Estes sold 2,077 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total transaction of $104,203.09. Following the completion of the transaction, the vice president owned 103,840 shares in the company, valued at approximately $5,209,652.80. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the firm’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $57.61, for a total transaction of $100,817.50. Following the completion of the transaction, the executive vice president directly owned 9,997 shares of the company’s stock, valued at approximately $575,927.17. This trade represents a 14.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,227 shares of company stock valued at $225,521 in the last 90 days. 25.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bank7

Large investors have recently modified their holdings of the business. Squarepoint Ops LLC grew its holdings in shares of Bank7 by 14.4% in the 2nd quarter. Squarepoint Ops LLC now owns 11,511 shares of the company’s stock valued at $563,000 after acquiring an additional 1,448 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Bank7 by 6.1% in 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 during the last quarter. Bank of America Corp DE bought a new stake in Bank7 during the second quarter worth about $909,000. The Manufacturers Life Insurance Company acquired a new position in Bank7 during the second quarter valued at approximately $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bank7 during the second quarter valued at approximately $2,186,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

Bank7 Company Profile

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.