Bank7 (NASDAQ:BSVN) Trading Down 5.4% – What’s Next?

Bank7 Corp. (NASDAQ:BSVN)’s stock price was down 5.4% during mid-day trading on Friday . The stock traded as low as $40.63 and last traded at $40.68. Approximately 9,098 shares changed hands during trading, an increase of 4% from the average daily volume of 8,744 shares. The stock had previously closed at $42.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Bank7 in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Bank7 Trading Down 5.4%

The business’s fifty day moving average price is $43.21 and its 200-day moving average price is $44.23. The company has a market capitalization of $384.43 million, a P/E ratio of 9.06 and a beta of 0.94.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, January 15th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. Bank7 had a return on equity of 18.58% and a net margin of 31.38%.The business had revenue of $24.10 million for the quarter, compared to the consensus estimate of $24.10 million. As a group, equities research analysts forecast that Bank7 Corp. will post 4.06 EPS for the current year.

Insiders Place Their Bets

In other Bank7 news, CFO Kelly J. Harris sold 4,500 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $45.75, for a total transaction of $205,875.00. Following the transaction, the chief financial officer directly owned 12,756 shares in the company, valued at $583,587. This trade represents a 26.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank7

A number of institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its position in Bank7 by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after purchasing an additional 294 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Bank7 during the second quarter valued at about $38,000. BNP Paribas Financial Markets increased its holdings in shares of Bank7 by 30.2% in the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after buying an additional 420 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Bank7 by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in Bank7 during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 23.48% of the company’s stock.

About Bank7

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.