Bank7 (NASDAQ:BSVN) Stock: Insider Darrell Lee Jr. Mathews Sells 1,750 Shares

Bank7 Corp. (NASDAQ:BSVN) EVP Darrell Lee Jr. Mathews sold 1,750 shares of Bank7 stock in a transaction that occurred on 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 in the company, valued at approximately $575,927.17. The trade was a 14.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bank7 Stock Down 0.4%

NASDAQ:BSVN opened at $58.55 on Friday. The stock has a market capitalization of $557.98 million, a price-to-earnings ratio of 13.62 and a beta of 0.85. Bank7 Corp. has a 52 week low of $38.29 and a 52 week high of $59.07. The firm has a 50 day moving average of $54.62 and a 200 day moving average of $49.32.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. The business 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%. As a group, analysts expect that Bank7 Corp. will post 3.87 EPS for the current year.

Bank7 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Friday, September 18th were paid a dividend of $0.30 per share. This is a positive change from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, September 18th. This represents a $1.20 annualized dividend and a yield of 2.0%. Bank7’s dividend payout ratio (DPR) is presently 27.91%.

Hedge Funds Weigh In On Bank7

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Bank7 by 60.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after purchasing an additional 604 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Bank7 in the second quarter worth about $159,000. Deutsche Bank AG purchased a new position in shares of Bank7 in the second quarter worth about $210,000. GSA Capital Partners LLP purchased a new position in shares of Bank7 in the second quarter worth about $243,000. Finally, R Squared Ltd raised its stake in shares of Bank7 by 37.2% in the first quarter. R Squared Ltd now owns 7,176 shares of the company’s stock worth $286,000 after purchasing an additional 1,945 shares during the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank7 in a research report on Wednesday, September 9th. Keefe, Bruyette & Woods raised their price target on Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Royal Bank Of Canada set a $62.00 price target on Bank7 in a research note on Wednesday, September 23rd. Zacks Research lowered Bank7 from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Finally, Piper Sandler upped their price objective on shares of Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, October 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Bank7 has an average rating of “Moderate Buy” and a consensus target price of $64.33.

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.