Bank7 (NASDAQ:BSVN) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Bank7 (NASDAQ:BSVN) issued its quarterly earnings results on Thursday. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03, FiscalAI reports. The firm had revenue of $22.91 million during the quarter, compared to analyst estimates of $23.86 million. Bank7 had a net margin of 31.77% and a return on equity of 18.18%.

Bank7 Trading Up 2.0%

Shares of BSVN stock opened at $51.80 on Thursday. The company has a market cap of $493.08 million, a PE ratio of 11.12 and a beta of 0.91. The company’s fifty day simple moving average is $46.06 and its 200-day simple moving average is $43.72. Bank7 has a 52 week low of $38.29 and a 52 week high of $52.78.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Weiss Ratings raised Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Piper Sandler upped their price target on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Bank7 has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Insiders Place Their Bets

In other Bank7 news, insider Douglas A. Haines sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $44.07, for a total value of $44,070.00. Following the transaction, the insider directly owned 16,647 shares of the company’s stock, valued at $733,633.29. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. Following the transaction, the executive vice president owned 6,497 shares in the company, valued at approximately $279,371. This represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 25.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bank7

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of Bank7 by 30.2% during the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after purchasing an additional 420 shares in the last quarter. Wells Fargo & Company MN increased its stake in 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 buying an additional 1,540 shares during the period. Zacks Investment Management acquired a new position in Bank7 in the 4th quarter worth $202,000. Jacobs Levy Equity Management Inc. acquired a new position in Bank7 in the 3rd quarter worth $213,000. Finally, HRT Financial LP purchased a new position in Bank7 in the 4th quarter valued at about $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.