Bank7 (NASDAQ:BSVN) Sees Large Volume Increase - Still a Buy?

Key Points

• Bank7 shares rose 2.0% to $53.34 as trading volume increased 46% from the prior session. The stock trades above its 50-day and 200-day moving averages, with a market capitalization of about $504 million.
• Analyst sentiment remains positive, with three Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and a $58.50 price target. Piper Sandler and Keefe, Bruyette & Woods recently raised their targets to $61 and $56, respectively.
• Bank7 increased its quarterly dividend to $0.30 per share, implying a 2.3% annualized yield. However, the company’s latest earnings and revenue fell short of analyst expectations, while insiders have sold shares worth approximately $328,000 over the past 90 days.

Shares of Bank7 Corp. (NASDAQ:BSVN - Get Free Report) saw an uptick in trading volume on Monday . 27,301 shares were traded during trading, an increase of 46% from the previous session's volume of 18,687 shares.The stock last traded at $53.34 and had previously closed at $51.83.

Analysts Set New Price Targets

BSVN has been the subject of several research analyst reports. Zacks Research cut Bank7 from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Piper Sandler boosted their target price on Bank7 from $57.00 to $61.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods upped their target price on Bank7 from $54.00 to $56.00 and gave the company an "outperform" rating in a report on Friday, July 17th. Finally, Weiss Ratings raised Bank7 from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 12th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.50.

Bank7 Stock Up 2.0%

The company's fifty day simple moving average is $49.76 and its 200 day simple moving average is $45.18. The firm has a market capitalization of $503.78 million, a PE ratio of 12.10 and a beta of 0.90.

Bank7 (NASDAQ:BSVN - Get Free Report) last posted its 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). Bank7 had a return on equity of 16.48% and a net margin of 30.36%.The firm had revenue of $22.91 million for the quarter, compared to analysts' expectations of $23.86 million. Equities research analysts forecast that Bank7 Corp. will post 4.26 EPS for the current year.

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Friday, September 18th will be given a dividend of $0.30 per share. This is a boost from Bank7's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, September 18th. Bank7's dividend payout ratio is presently 27.46%.

Insider Buying and Selling at Bank7

In other Bank7 news, VP Jason E. Estes sold 2,077 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas A. Haines sold 1,000 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $44.07, for a total value of $44,070.00. Following the transaction, the insider directly owned 16,647 shares of the company's stock, valued at $733,633.29. This represents a 5.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,702 shares of company stock worth $328,443. 25.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BSVN. JPMorgan Chase & Co. raised its position in shares of Bank7 by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company's stock worth $534,000 after purchasing an additional 245 shares during the last quarter. State of Alaska Department of Revenue grew its position in Bank7 by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company's stock valued at $27,000 after purchasing an additional 294 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Bank7 by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company's stock valued at $84,000 after purchasing an additional 420 shares in the last quarter. First Trust Advisors LP increased its stake in Bank7 by 7.5% during the 2nd quarter. First Trust Advisors LP now owns 6,030 shares of the company's stock valued at $252,000 after purchasing an additional 423 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Bank7 by 3.9% in the fourth quarter. Jane Street Group LLC now owns 12,254 shares of the company's stock worth $502,000 after buying an additional 458 shares during the last quarter. 23.48% of the stock is owned by hedge funds and other institutional investors.

About Bank7

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.

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