Bank7 (NASDAQ:BSVN) Hits New 52-Week High – Still a Buy?

Bank7 Corp. (NASDAQ:BSVN) shares hit a new 52-week high during trading on Thursday. The stock traded as high as $59.04 and last traded at $59.1750, with a volume of 7,688 shares traded. The stock had previously closed at $57.72.

Analysts Set New Price Targets

A number of research firms have issued reports on BSVN. UBS Group restated a “buy” rating on shares of Bank7 in a report on Friday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank7 in a research note on Wednesday, September 9th. Royal Bank Of Canada set a $62.00 price objective on Bank7 in a research report on Wednesday, September 23rd. Zacks Research downgraded Bank7 from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Finally, Piper Sandler increased their target price on Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.33.

Bank7 Stock Down 0.4%

The stock’s 50-day moving average is $54.62 and its 200-day moving average is $49.32. The firm has a market cap of $557.98 million, a P/E ratio of 13.62 and a beta of 0.85.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Bank7 had a net margin of 30.55% and a return on equity of 15.96%. The firm had revenue of $23.37 million during the quarter, compared to the consensus estimate of $23.75 million. As a group, analysts expect that Bank7 Corp. will post 3.87 EPS for the current fiscal year.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Friday, September 18th were given a dividend of $0.30 per share. This is an increase from Bank7’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 18th. Bank7’s dividend payout ratio (DPR) is currently 27.91%.

Insider Transactions at Bank7

In related news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $57.61, for a total value of $100,817.50. Following the completion of the sale, the executive vice president owned 9,997 shares in the company, valued at approximately $575,927.17. This trade represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jason Estes sold 2,077 shares of Bank7 stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total value of $104,203.09. Following the sale, the vice president directly owned 103,840 shares in the company, valued at approximately $5,209,652.80. This trade represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,227 shares of company stock valued at $225,521 in the last ninety days. 25.71% of the stock is owned by company insiders.

Institutional Trading of Bank7

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Bank7 during the second quarter worth $1,257,000. Bank of America Corp DE acquired a new position in shares of Bank7 in the 2nd quarter valued at $909,000. Hsbc Holdings PLC acquired a new position in shares of Bank7 in the 2nd quarter valued at $1,534,000. Renaissance Technologies LLC bought a new position in shares of Bank7 during the 1st quarter worth about $475,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Bank7 during the 2nd quarter worth about $13,441,000. 23.48% of the stock is currently owned by institutional investors.

Bank7 Company Profile

Bank7 is a community bank headquartered in Oklahoma City, Oklahoma, and the principal subsidiary of Bank7 Corporation (NASDAQ: BSVN). Founded in 2004, the bank serves businesses, professionals and individual customers through banking locations in Oklahoma and Texas.

The bank provides a range of commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate lending, construction loans, commercial and industrial loans, residential real estate loans and consumer financing.