Bank7’s (BSVN) “Buy (B-)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reiterated their buy (b-) rating on shares of Bank7 (NASDAQ:BSVN) in a research note issued to investors on Thursday morning,Weiss Ratings reports.

A number of other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Bank7 from $54.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, October 16th. Zacks Research lowered shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Piper Sandler lifted their price objective on shares of Bank7 from $50.50 to $55.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Bank7 Trading Up 1.7%

BSVN opened at $41.64 on Thursday. Bank7 has a 12 month low of $32.49 and a 12 month high of $50.26. The company has a market cap of $393.50 million, a PE ratio of 9.19 and a beta of 1.13. The company has a 50 day moving average of $46.56 and a 200 day moving average of $42.95.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings data on Wednesday, October 15th. The company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.10. Bank7 had a net margin of 31.60% and a return on equity of 19.52%. The business had revenue of $29.27 million during the quarter, compared to analyst estimates of $24.35 million. During the same period in the previous year, the business earned $1.24 EPS. Research analysts forecast that Bank7 will post 4.06 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Friday, September 19th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, September 19th. Bank7’s dividend payout ratio (DPR) is presently 23.84%.

Insider Buying and Selling

In other Bank7 news, CEO Thomas L. Travis sold 13,084 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total value of $645,826.24. Following the completion of the transaction, the chief executive officer directly owned 286,293 shares of the company’s stock, valued at $14,131,422.48. This trade represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Bank7 during the 3rd quarter worth $483,000. Mink Brook Asset Management LLC lifted its holdings in shares of Bank7 by 11.4% during the 2nd quarter. Mink Brook Asset Management LLC now owns 467,280 shares of the company’s stock worth $19,546,000 after acquiring an additional 47,697 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Bank7 by 27.8% during the 2nd quarter. Bank of America Corp DE now owns 12,389 shares of the company’s stock worth $518,000 after acquiring an additional 2,692 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bank7 during the 2nd quarter worth $273,000. Finally, First Trust Advisors LP lifted its holdings in shares of Bank7 by 7.5% during the 2nd quarter. First Trust Advisors LP now owns 6,030 shares of the company’s stock worth $252,000 after acquiring an additional 423 shares during the last quarter. 23.48% of the stock is owned by institutional investors.

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.