Bank7 (NASDAQ:BSVN) Sets New 52-Week High - Still a Buy?

Key Points

• Bank7 shares reached a new 52-week high of $59.96 and were recently trading near $59.55, well above their 50-day and 200-day moving averages.
• Analyst sentiment remains positive, with four Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $64.33.
• The company modestly beat quarterly EPS expectations, raised its quarterly dividend to $0.30 per share, and currently offers an annualized dividend yield of about 2.0%; however, insiders sold shares totaling roughly $225,500 over the past 90 days.

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) shares hit a new 52-week high on Thursday. The stock traded as high as $59.96 and last traded at $59.5490, with a volume of 1,257 shares. The stock had previously closed at $59.03.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group reaffirmed a "buy" rating on shares of Bank7 in a research report on Friday, October 16th. Keefe, Bruyette & Woods increased their price objective on shares of Bank7 from $56.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday, September 23rd. Zacks Research upgraded shares of Bank7 from a "strong sell" rating to a "hold" rating in a research note on Monday. Royal Bank Of Canada set a $62.00 target price on shares of Bank7 in a research report on Wednesday, September 23rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Bank7 in a report on Wednesday, September 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.33.

Bank7 Stock Performance

The business's 50 day moving average is $54.92 and its 200-day moving average is $47.41. The firm has a market capitalization of $564.67 million, a price-to-earnings ratio of 13.84 and a beta of 0.85.

Bank7 (NASDAQ:BSVN - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $23.37 million for the quarter, compared to analyst estimates of $23.75 million. Bank7 had a net margin of 30.55% and a return on equity of 15.96%. Equities research analysts forecast that Bank7 Corp. will post 3.87 EPS for the current fiscal year.

Bank7 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders 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 2.0%. This is a positive change from Bank7's previous quarterly dividend of $0.27. Bank7's dividend payout ratio is presently 27.91%.

Insiders Place Their Bets

In other news, VP Jason Estes sold 2,077 shares of the 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 of the company's stock, valued at $5,209,652.80. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the firm'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 transaction, the executive vice president owned 9,997 shares in the company, valued at approximately $575,927.17. This trade represents a 14.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,227 shares of company stock valued at $225,521 in the last ninety days. Company insiders own 25.71% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSVN. PNC Financial Services Group Inc. raised its position in shares of Bank7 by 60.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company's stock valued at $64,000 after buying an additional 604 shares in the last quarter. 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 worth $563,000 after purchasing an additional 1,448 shares in the last quarter. Hsbc Holdings PLC grew its stake in 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 acquiring an additional 1,810 shares during the period. R Squared Ltd increased its position in shares of Bank7 by 37.2% during the first quarter. R Squared Ltd now owns 7,176 shares of the company's stock worth $286,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Globeflex Capital L P purchased a new stake in Bank7 in the 2nd quarter valued at $159,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

About Bank7

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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