Bank7 (NASDAQ:BSVN) Hits New 52-Week High – Still a Buy?

Bank7 Corp. (NASDAQ:BSVN) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $55.41 and last traded at $53.3040, with a volume of 2630 shares trading hands. The stock had previously closed at $52.34.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Piper Sandler upped their target price on Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $58.50.

Bank7 Stock Performance

The firm has a market capitalization of $499.84 million, a P/E ratio of 12.00 and a beta of 0.90. The stock has a 50 day moving average of $49.00 and a 200-day moving average of $44.85.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.16). The business had revenue of $22.91 million during the quarter, compared to the consensus estimate of $23.86 million. Bank7 had a return on equity of 16.74% and a net margin of 30.36%. As a group, sell-side analysts expect that Bank7 Corp. will post 4.26 EPS for the current year.

Insider Activity at Bank7

In related news, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the completion of the transaction, the insider directly owned 16,647 shares in the company, valued at $733,633.29. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason E. Estes sold 3,225 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $49.51, for a total value of $159,669.75. Following the transaction, the vice president directly owned 101,898 shares of the company’s stock, valued at $5,044,969.98. The trade was a 3.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 6,702 shares of company stock valued at $328,443. 25.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSVN. Sei Investments Co. boosted its stake in Bank7 by 91.2% in the first quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after buying an additional 19,641 shares in the last quarter. Globeflex Capital L P bought a new stake in Bank7 in the 2nd quarter worth $159,000. BlackRock Inc. purchased a new position in Bank7 during the 2nd quarter valued at about $28,930,000. Deutsche Bank AG purchased a new position in shares of Bank7 during the second quarter valued at approximately $210,000. Finally, Bank of New York Mellon Corp purchased a new position in Bank7 during the 2nd quarter valued at $1,257,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

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.