Bank7 (NASDAQ:BSVN) Sees Large Volume Increase – Time to Buy?

Bank7 Corp. (NASDAQ:BSVN) shares saw strong trading volume on Tuesday. 18,933 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 24,487 shares. The stock last traded at $58.5990 and had previously closed at $57.13.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BSVN. Keefe, Bruyette & Woods raised their price objective on Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Royal Bank Of Canada set a $62.00 target price on Bank7 in a research note on Wednesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank7 in a research note on Wednesday, September 9th. Zacks Research downgraded Bank7 from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Finally, Piper Sandler raised their price target on Bank7 from $61.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.33.

Bank7 Price Performance

The firm’s 50-day moving average is $54.36 and its 200 day moving average is $49.13. The stock has a market cap of $550.07 million, a price-to-earnings ratio of 13.42 and a beta of 0.85.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $23.37 million for the quarter, compared to the consensus estimate of $23.75 million. Bank7 had a net margin of 30.55% and a return on equity of 15.96%. On average, sell-side analysts forecast that Bank7 Corp. will post 3.87 EPS for the current year.

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. This is a boost from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, September 18th. Bank7’s dividend payout ratio (DPR) is presently 27.91%.

Insider Buying and Selling

In other Bank7 news, VP Jason Estes sold 2,077 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total transaction 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 represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 25.71% of the stock is owned by corporate insiders.

Institutional Trading of Bank7

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC grew its position in Bank7 by 14.4% in the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company’s stock valued at $563,000 after acquiring an additional 1,448 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Bank7 by 6.1% in the 2nd quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $1,534,000 after buying an additional 1,810 shares in the last quarter. Bank of America Corp DE purchased a new position in Bank7 in the second quarter valued at about $909,000. The Manufacturers Life Insurance Company acquired a new position in shares of Bank7 in the 2nd quarter valued at approximately $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bank7 in the 2nd quarter valued at approximately $2,186,000. 23.48% of the stock is owned by hedge funds and other institutional investors.

About Bank7

Bank7 Corp. (NASDAQ: BSVN) is the bank holding company for Bank7, a community-focused financial institution headquartered in Oklahoma City, Oklahoma. The bank provides banking and financial services to businesses, professionals and individuals, with an emphasis on relationship-based service and customized lending solutions.

Bank7 offers commercial and industrial loans, commercial real estate financing, energy-related lending, residential and consumer loans, and other credit products. Its deposit and treasury management services include checking and savings accounts, certificates of deposit, online and mobile banking, cash management, and related business banking tools.

The company primarily serves customers in Oklahoma and surrounding markets, including selected communities in Texas.