Bank7 (NASDAQ:BSVN) Issues Earnings Results, Beats Expectations By $0.09 EPS

Bank7 (NASDAQ:BSVN) issued its quarterly earnings results on Thursday. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09, FiscalAI reports. The firm had revenue of $24.10 million during the quarter, compared to analyst estimates of $24.10 million. Bank7 had a return on equity of 19.11% and a net margin of 31.60%.

Bank7 Stock Up 1.7%

NASDAQ BSVN opened at $43.14 on Thursday. The business’s 50-day moving average price is $42.09 and its 200 day moving average price is $44.51. Bank7 has a 52-week low of $32.49 and a 52-week high of $50.26. The firm has a market cap of $407.80 million, a P/E ratio of 9.52 and a beta of 0.91.

Bank7 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 22nd were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, December 22nd. Bank7’s dividend payout ratio (DPR) is currently 23.84%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Bank7 from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank7 in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Bank7 by 30.2% in the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after purchasing an additional 420 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Bank7 during the 3rd quarter worth $213,000. Alliancebernstein L.P. acquired a new stake in Bank7 during the 3rd quarter valued at approximately $223,000. AQR Capital Management LLC acquired a new stake in shares of Bank7 during the first quarter worth approximately $227,000. Finally, First Trust Advisors LP increased its position in shares of Bank7 by 7.5% in the 2nd quarter. First Trust Advisors LP now owns 6,030 shares of the company’s stock worth $252,000 after purchasing an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

About Bank7

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.