Bank7 (NASDAQ:BSVN) Sees Large Volume Increase – What’s Next?

Shares of Bank7 Corp. (NASDAQ:BSVN) saw an uptick in trading volume on Thursday . 46,204 shares were traded during mid-day trading, an increase of 117% from the previous session’s volume of 21,274 shares.The stock last traded at $54.8750 and had previously closed at $54.37.

Analysts Set New Price Targets

BSVN has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Bank7 from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods increased their price objective on shares of Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Zacks Research lowered shares of Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank7 in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.50.

Bank7 Stock Up 1.7%

The firm has a 50 day simple moving average of $51.80 and a 200-day simple moving average of $46.40. The company has a market cap of $526.96 million, a PE ratio of 12.65 and a beta of 0.87.

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). Bank7 had a net margin of 30.36% and a return on equity of 16.48%. The firm had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. As a group, equities analysts anticipate that Bank7 Corp. will post 4.26 EPS for the current year.

Bank7 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Friday, September 18th will be paid a dividend of $0.30 per share. This is a boost from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. Bank7’s dividend payout ratio (DPR) is presently 24.71%.

Insider Buying and Selling

In other Bank7 news, VP Jason Estes sold 2,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total value of $104,203.09. Following the completion of the sale, the vice president directly owned 103,840 shares in the company, valued at $5,209,652.80. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,702 shares of company stock worth $284,373 over the last three months. Corporate insiders own 25.71% of the company’s stock.

Institutional Trading of Bank7

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Bank7 during the 2nd quarter worth $28,930,000. The Manufacturers Life Insurance Company acquired a new stake in Bank7 in the second quarter worth about $13,441,000. Dimensional Fund Advisors LP boosted its holdings in Bank7 by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock worth $5,390,000 after acquiring an additional 5,303 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bank7 during the second quarter worth about $2,186,000. Finally, Sei Investments Co. grew its stake in shares of Bank7 by 91.2% during the first quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after acquiring an additional 19,641 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Bank7 Company Profile

Bank7 is the principal banking subsidiary of Bank7 Corp., a full-service commercial bank headquartered in Oklahoma City, Oklahoma. The company provides banking services to businesses, professionals and individual customers, with an emphasis on relationship-based commercial banking.

Its products and services include business and personal checking and savings accounts, certificates of deposit, treasury management and other cash-management solutions. Bank7 also offers commercial real estate, commercial and industrial, energy, construction, residential mortgage and consumer loans.

Bank7 primarily serves customers in Oklahoma and selected surrounding markets.