Bank7 (NASDAQ:BSVN) Sets New 12-Month High - Still a Buy?

Key Points

• Bank7 shares reached a new 52-week high of $59.04 and were last trading near $59.18, up 1.9%. The stock has a market capitalization of about $560 million and trades at a P/E ratio of 13.67.
• Analyst sentiment is generally positive, with four Buy ratings and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $64.33. Piper Sandler recently raised its target to $69.
• Bank7 slightly beat quarterly EPS estimates, reporting $1.06 versus $1.05 expected, and increased its quarterly dividend to $0.30, implying a 2.0% yield. However, insiders sold 4,227 shares worth about $225,521 in the last quarter.

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) shares hit a new 52-week high during trading on Thursday. The company traded as high as $59.04 and last traded at $59.1750, with a volume of 7,688 shares trading hands. The stock had previously closed at $57.72.

Analyst Ratings Changes

BSVN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Bank7 in a research report on Wednesday, September 9th. UBS Group reaffirmed a "buy" rating on shares of Bank7 in a research note on Friday, October 16th. Zacks Research downgraded shares of Bank7 from a "hold" rating to a "strong sell" rating in a research note on Friday, September 25th. Royal Bank Of Canada set a $62.00 price objective on Bank7 in a report on Wednesday, September 23rd. Finally, Piper Sandler lifted their price objective on 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.33.

Bank7 Stock Up 1.9%

The company has a market cap of $560.36 million, a price-to-earnings ratio of 13.67 and a beta of 0.85. The business has a 50-day simple moving average of $54.36 and a two-hundred day simple moving average of $49.13.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $23.75 million. As a group, equities analysts anticipate that Bank7 Corp. will post 3.87 earnings per share for the current year.

Bank7 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were issued a $0.30 dividend. This is a boost from Bank7's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. Bank7's payout ratio is currently 27.91%.

Insiders Place Their Bets

In related news, VP Jason E. Estes sold 2,077 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total transaction of $104,203.09. Following the sale, the vice president directly owned 103,840 shares in the company, valued at $5,209,652.80. This represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the business's stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total transaction of $100,817.50. Following the completion of the transaction, the executive vice president directly owned 9,997 shares of the company's stock, valued at approximately $575,927.17. This represents a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,227 shares of company stock worth $225,521 in the last quarter. Corporate insiders own 25.71% of the company's stock.

Hedge Funds Weigh In On Bank7

Several large investors have recently bought and sold shares of the business. Squarepoint Ops LLC increased its holdings in Bank7 by 14.4% in the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company's stock valued at $563,000 after purchasing an additional 1,448 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Bank7 by 6.1% in the 2nd quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock valued at $1,534,000 after acquiring an additional 1,810 shares during the period. Bank of America Corp DE bought a new position in Bank7 during the 2nd quarter worth approximately $909,000. The Manufacturers Life Insurance Company acquired a new position in Bank7 during the second quarter valued at approximately $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bank7 during the second quarter valued at approximately $2,186,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

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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