Insider Selling: Bank7 (NASDAQ:BSVN) VP Sells $20,500.00 in Stock

Bank7 Corp. (NASDAQ:BSVN) VP Jason Estes sold 400 shares of Bank7 stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $51.25, for a total transaction of $20,500.00. Following the transaction, the vice president directly owned 105,917 shares in the company, valued at $5,428,246.25. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Bank7 Price Performance

Bank7 stock opened at $50.35 on Friday. The firm has a 50 day simple moving average of $48.27 and a 200-day simple moving average of $44.60. The stock has a market cap of $479.33 million, a price-to-earnings ratio of 11.52 and a beta of 0.90. Bank7 Corp. has a 1-year low of $38.29 and a 1-year high of $52.99.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.16). The firm had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. Bank7 had a net margin of 30.36% and a return on equity of 16.74%. Equities analysts expect that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on BSVN shares. Zacks Research cut shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Piper Sandler lifted their target price on shares of Bank7 from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Keefe, Bruyette & Woods upped their price target on Bank7 from $54.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.50.

Hedge Funds Weigh In On Bank7

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in Bank7 during the 2nd quarter worth approximately $243,000. Renaissance Technologies LLC acquired a new stake in shares of Bank7 in the 1st quarter valued at $475,000. Zacks Investment Management purchased a new stake in shares of Bank7 during the 4th quarter worth $202,000. Wells Fargo & Company MN lifted its position in shares of Bank7 by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock worth $195,000 after purchasing an additional 1,540 shares during the last quarter. Finally, HRT Financial LP acquired a new position in shares of Bank7 during the fourth quarter worth $218,000. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Bank7 Company Profile

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.