Bank7 (NASDAQ:BSVN) Posts Earnings Results

Key Points

• Bank7 exceeded earnings expectations, reporting quarterly EPS of $1.11 versus the $1.05 consensus estimate. Revenue totaled $23.37 million, slightly below analysts’ $23.75 million forecast.
• The company increased its quarterly dividend to $0.30 per share from $0.27, implying an annualized dividend of $1.20 and a 2.2% yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $61.67, although Zacks Research downgraded the stock to “strong sell.”

Bank7 (NASDAQ:BSVN - Get Free Report) announced its earnings results on Thursday. The company reported $1.11 EPS for the quarter, topping the consensus estimate 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 company had revenue of $23.37 million for the quarter, compared to analysts' expectations of $23.75 million.

Bank7 Trading Down 0.3%

NASDAQ BSVN opened at $55.02 on Thursday. The firm has a market capitalization of $524.12 million, a price-to-earnings ratio of 12.59 and a beta of 0.85. The firm's 50 day simple moving average is $53.73 and its 200 day simple moving average is $48.53. Bank7 has a 1 year low of $38.29 and a 1 year high of $57.67.

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Friday, September 18th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. This is a positive change from Bank7's previous quarterly dividend of $0.27. Bank7's dividend payout ratio (DPR) is 27.46%.

Insider Buying and Selling at Bank7

In other news, VP Jason Estes sold 2,077 shares of Bank7 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 transaction, the vice president owned 103,840 shares in the company, valued at approximately $5,209,652.80. This trade represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 5,702 shares of company stock valued at $284,373. Company insiders own 25.71% of the company's stock.

Analyst Upgrades and Downgrades

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

About Bank7

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.

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