Bank7 (NASDAQ:BSVN) EVP Darrell Lee Jr. Mathews Sells 1,750 Shares of Company Stock

Key Points

• Bank7 EVP Darrell Lee Jr. Mathews sold 1,750 shares at an average price of $57.61, generating $100,817.50. His remaining ownership fell 14.9% to 9,997 shares.
• Bank7 shares rose 2.1% to $58.91, near their 12-month high of $59.04. The company recently reported quarterly EPS of $1.06, slightly above analyst expectations.
• The bank increased its quarterly dividend from $0.27 to $0.30 per share, implying a $1.20 annual payout and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with a $64.33 target price.

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) EVP Darrell Lee Jr. Mathews sold 1,750 shares of the company's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total value of $100,817.50. Following the completion of the transaction, the executive vice president owned 9,997 shares in the company, valued at $575,927.17. This represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bank7 Trading Up 2.1%

Shares of NASDAQ:BSVN traded up $1.19 during trading on Thursday, reaching $58.91. The company had a trading volume of 8,703 shares, compared to its average volume of 24,738. Bank7 Corp. has a 12 month low of $38.29 and a 12 month high of $59.04. The company has a fifty day moving average of $54.36 and a two-hundred day moving average of $49.13. The stock has a market capitalization of $561.41 million, a P/E ratio of 13.70 and a beta of 0.85.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its earnings results on Thursday, October 15th. The company reported $1.06 earnings per share (EPS) for the quarter, topping 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 business had revenue of $23.37 million during the quarter, compared to analyst estimates of $23.75 million. As a group, equities research analysts predict that Bank7 Corp. will post 3.87 earnings per share for the current year.

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. 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 2.0%. The ex-dividend date was Friday, September 18th. Bank7's dividend payout ratio is presently 27.91%.

Institutional Trading of Bank7

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new stake in Bank7 during the 2nd quarter worth about $1,257,000. Bank of America Corp DE acquired a new position in shares of Bank7 in the 2nd quarter valued at about $909,000. Hsbc Holdings PLC acquired a new position in shares of Bank7 in the 2nd quarter valued at about $1,534,000. Renaissance Technologies LLC purchased a new stake in shares of Bank7 in the first quarter worth approximately $475,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Bank7 during the second quarter worth approximately $13,441,000. Institutional investors and hedge funds own 23.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BSVN shares. Royal Bank Of Canada set a $62.00 price target on Bank7 in a report on Wednesday, September 23rd. 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 report on Wednesday, September 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank7 in a research note on Wednesday, September 9th. UBS Group reissued a "buy" rating on shares of Bank7 in a report on Friday, October 16th. Finally, Zacks Research downgraded Bank7 from a "hold" rating to a "strong sell" rating in a research note on Friday, September 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

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.

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