Bank7 (NASDAQ:BSVN) Sets New 1-Year High - What's Next?

Key Points

• Bank7 shares reached a 52-week high of $60.17, with the article reporting a latest trade of $59.77.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $64.33; Piper Sandler raised its target to $69.
• Quarterly EPS of $1.06 narrowly beat estimates, while revenue of $23.37 million fell short. Bank7 also raised its quarterly dividend from $0.27 to $0.30 per share.

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) shares hit a new 52-week high during trading on Thursday. The company traded as high as $60.17 and last traded at $59.7730, with a volume of 2,150 shares trading hands. The stock had previously closed at $59.63.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BSVN. Zacks Research raised shares of Bank7 from a "strong sell" rating to a "hold" rating in a research note on Monday, October 26th. Royal Bank Of Canada set a $62.00 price objective on shares of Bank7 in a research note on Wednesday, September 23rd. UBS Group reaffirmed a "buy" rating on shares of Bank7 in a research note on Friday, October 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bank7 in a report on Wednesday, September 9th. Finally, Piper Sandler upped their target price on shares of Bank7 from $61.00 to $69.00 and gave the company an "overweight" rating in a research report on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.33.

Bank7 Trading Down 1.5%

The company has a market capitalization of $559.90 million, a P/E ratio of 13.66 and a beta of 0.74. The firm's 50 day moving average price is $55.62 and its two-hundred day moving average price is $47.81.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The company reported $1.06 EPS for the quarter, beating 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 firm had revenue of $23.37 million during the quarter, compared to analysts' expectations of $23.75 million. Analysts anticipate that Bank7 Corp. will post 3.87 earnings per share for the current fiscal 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 given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 18th. This is a positive change from Bank7's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.0%. Bank7's payout ratio is 27.91%.

Insider Activity at Bank7

In related news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total transaction of $100,817.50. Following the transaction, the executive vice president directly owned 9,997 shares of the company's stock, valued at approximately $575,927.17. The trade was a 14.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 25.71% of the company's stock.

Institutional Investors Weigh In On Bank7

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its position in Bank7 by 14.4% during the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company's stock worth $563,000 after purchasing an additional 1,448 shares during the period. Hsbc Holdings PLC increased its holdings 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 purchasing an additional 1,810 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Bank7 in the second quarter valued at $909,000. The Manufacturers Life Insurance Company bought a new position in shares of Bank7 in the second quarter valued at about $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bank7 in the second quarter valued at about $2,186,000. Institutional investors and hedge funds own 23.48% of the company's stock.

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.

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