Bank7 (NASDAQ:BSVN) Posts Earnings Results, Beats Estimates By $0.11 EPS

Bank7 (NASDAQ:BSVN) issued its quarterly earnings results on Thursday. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11, Zacks reports. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. The firm had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $22.58 million.

Bank7 Stock Down 2.5 %

Shares of Bank7 stock traded down $0.94 during trading on Thursday, hitting $36.22. 1,394 shares of the stock traded hands, compared to its average volume of 22,717. The stock has a market cap of $342.21 million, a price-to-earnings ratio of 7.48 and a beta of 1.15. The firm’s fifty day moving average is $40.09 and its 200-day moving average is $42.55. Bank7 has a 52 week low of $26.07 and a 52 week high of $50.26.

Bank7 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 20th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.65%. Bank7’s dividend payout ratio (DPR) is 19.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BSVN. Piper Sandler upped their price target on Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods dropped their price objective on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday, January 17th.

Insider Transactions at Bank7

In other Bank7 news, insider Douglas A. Haines acquired 1,433 shares of Bank7 stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $39.91 per share, for a total transaction of $57,191.03. Following the acquisition, the insider now owns 18,542 shares of the company’s stock, valued at $740,011.22. This represents a 8.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Henry Litchfield sold 5,000 shares of Bank7 stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total value of $207,700.00. Following the completion of the sale, the vice president now owns 13,375 shares of the company’s stock, valued at $555,597.50. The trade was a 27.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 41.92% of the company’s stock.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.