Bank7 (NASDAQ:BSVN) Sees Strong Trading Volume - Should You Buy?

Key Points

• Bank7 shares rose 1.1% to $58.60, although mid-day trading volume declined 23% from the prior session. The company has a $550.2 million market capitalization and trades at a 13.39 P/E ratio.
• Analyst sentiment is generally positive, with four Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $64.33; Piper Sandler recently raised its target to $69.
• Bank7 slightly exceeded quarterly EPS expectations, reporting $1.06 versus $1.05 estimated, and increased its quarterly dividend to $0.30, or $1.20 annually and a 2.1% yield.

Shares of Bank7 Corp. (NASDAQ:BSVN - Get Free Report) saw an uptick in trading volume on Tuesday. 18,933 shares were traded during mid-day trading, a decline of 23% from the previous session's volume of 24,487 shares. The stock last traded at $58.5990 and had previously closed at $57.13.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Bank7 in a report on Wednesday, September 9th. Keefe, Bruyette & Woods increased their price target 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. Zacks Research lowered shares of Bank7 from a "hold" rating to a "strong sell" rating in a research note on Friday, September 25th. UBS Group reissued a "buy" rating on shares of Bank7 in a research report on Friday. Finally, Piper Sandler boosted their price objective on shares of Bank7 from $61.00 to $69.00 and gave the stock an "overweight" rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bank7 currently has an average rating of "Moderate Buy" and an average price target of $64.33.

Bank7 Trading Up 1.1%

The company has a market cap of $550.21 million, a PE ratio of 13.39 and a beta of 0.85. The firm has a 50 day moving average of $54.12 and a two-hundred day moving average of $48.89.

Bank7 (NASDAQ:BSVN - Get Free Report) last released its earnings results on Thursday, October 15th. The company reported $1.06 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 for the quarter, compared to the consensus estimate of $23.75 million. On average, research analysts forecast that Bank7 Corp. will post 3.80 EPS for the current year.

Bank7 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Friday, September 18th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. This is a boost from Bank7's previous quarterly dividend of $0.27. Bank7's payout ratio is presently 27.91%.

Insider Activity

In related news, VP Jason Estes sold 2,077 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were 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 $5,209,652.80. The trade was a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Bank7

Several institutional investors have recently bought and sold shares of BSVN. PNC Financial Services Group Inc. grew its holdings in Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company's stock valued at $64,000 after purchasing an additional 604 shares during the period. Squarepoint Ops LLC increased its position in Bank7 by 14.4% in the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company's stock worth $563,000 after buying an additional 1,448 shares in the last quarter. Hsbc Holdings PLC increased its position in Bank7 by 6.1% in the second quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock worth $1,534,000 after buying an additional 1,810 shares in the last quarter. R Squared Ltd increased its position in Bank7 by 37.2% in the first quarter. R Squared Ltd now owns 7,176 shares of the company's stock worth $286,000 after buying an additional 1,945 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Bank7 in the second quarter worth about $159,000. 23.48% of the stock is owned by hedge funds and other institutional investors.

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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