Jason Estes Sells 400 Shares of Bank7 (NASDAQ:BSVN) Stock

Bank7 Corp. (NASDAQ:BSVN) VP Jason Estes sold 400 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $51.25, for a total transaction of $20,500.00. Following the completion of the transaction, the vice president directly owned 105,917 shares in the company, valued at approximately $5,428,246.25. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bank7 Trading Down 1.8%

BSVN opened at $50.10 on Thursday. Bank7 Corp. has a twelve month low of $38.29 and a twelve month high of $52.99. The firm has a market capitalization of $476.90 million, a PE ratio of 11.46 and a beta of 0.90. The firm’s 50-day moving average price is $48.15 and its 200 day moving average price is $44.56.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings raised Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Keefe, Bruyette & Woods upped their target price on Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a 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, Piper Sandler lifted their price target on Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased 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 last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Bank7 by 60.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after purchasing an additional 604 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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. Wells Fargo & Company MN grew its holdings in shares of 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 purchasing an additional 1,540 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Bank7 during the 4th quarter worth about $202,000. 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.