Kelly Harris Sells 4,500 Shares of Bank7 (NASDAQ:BSVN) Stock

Bank7 Corp. (NASDAQ:BSVN) CFO Kelly Harris sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $45.75, for a total value of $205,875.00. Following the sale, the chief financial officer owned 12,756 shares of the company’s stock, valued at $583,587. This represents a 26.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bank7 Stock Performance

NASDAQ:BSVN opened at $45.19 on Friday. The stock has a market cap of $427.05 million, a price-to-earnings ratio of 10.06 and a beta of 0.94. Bank7 Corp. has a one year low of $32.49 and a one year high of $50.10. The business’s 50-day simple moving average is $43.16 and its 200 day simple moving average is $44.44.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings data on Thursday, January 15th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09. Bank7 had a return on equity of 18.58% and a net margin of 31.38%.The company had revenue of $24.10 million for the quarter, compared to the consensus estimate of $24.10 million. On average, equities research analysts predict that Bank7 Corp. will post 4.06 EPS for the current year.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 22nd were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.08 annualized dividend and a yield of 2.4%. Bank7’s dividend payout ratio is currently 24.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue raised its stake in Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after acquiring an additional 294 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Bank7 during the second quarter valued at approximately $38,000. BNP Paribas Financial Markets raised its position in shares of Bank7 by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after purchasing an additional 420 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Bank7 during the 3rd quarter worth approximately $213,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Bank7 in the 3rd quarter worth approximately $223,000. 23.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BSVN. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank7 in a report on Tuesday, January 27th. Keefe, Bruyette & Woods lowered their price objective on Bank7 from $54.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.00.

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.