Bank7 (BSVN) Set to Announce Earnings on Friday

Bank7 (NASDAQ:BSVN) will announce its earnings results before the market opens on Friday, April 12th. Analysts expect the company to announce earnings of $1.04 per share for the quarter.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.20. Bank7 had a net margin of 21.62% and a return on equity of 17.29%. The firm had revenue of $39.17 million during the quarter, compared to the consensus estimate of $21.10 million. During the same quarter last year, the firm earned $0.91 earnings per share. On average, analysts expect Bank7 to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bank7 Price Performance

Shares of BSVN stock traded down $0.24 during midday trading on Wednesday, reaching $27.35. 502 shares of the company traded hands, compared to its average volume of 13,474. The firm’s 50 day simple moving average is $27.60 and its two-hundred day simple moving average is $25.39. Bank7 has a 1-year low of $19.53 and a 1-year high of $28.99. The firm has a market cap of $252.71 million, a PE ratio of 9.02 and a beta of 1.45.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.07%. Bank7’s payout ratio is 27.45%.

Insider Buying and Selling

In other Bank7 news, CEO Thomas L. Travis sold 20,000 shares of Bank7 stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.11, for a total value of $542,200.00. Following the completion of the sale, the chief executive officer now directly owns 295,771 shares of the company’s stock, valued at approximately $8,018,351.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 41.92% of the company’s stock.

Institutional Trading of Bank7

Several hedge funds and other institutional investors have recently bought and sold shares of BSVN. Bank of New York Mellon Corp grew its stake in shares of Bank7 by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 27,115 shares of the company’s stock valued at $640,000 after buying an additional 783 shares during the period. Acadian Asset Management LLC grew its stake in shares of Bank7 by 120.5% during the 1st quarter. Acadian Asset Management LLC now owns 24,006 shares of the company’s stock valued at $565,000 after buying an additional 13,121 shares during the period. BlackRock Inc. grew its stake in shares of Bank7 by 13.1% during the 1st quarter. BlackRock Inc. now owns 19,683 shares of the company’s stock valued at $463,000 after buying an additional 2,279 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Bank7 by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,445 shares of the company’s stock valued at $318,000 after buying an additional 4,492 shares during the period. Finally, UBS Group AG grew its stake in shares of Bank7 by 7.5% during the 1st quarter. UBS Group AG now owns 10,966 shares of the company’s stock valued at $258,000 after buying an additional 764 shares during the period. 23.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stephens reiterated an “equal weight” rating and set a $31.00 price target on shares of Bank7 in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Bank7 from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.