Bank7 (NASDAQ:BSVN) Sees Strong Trading Volume – Here’s What Happened

Bank7 Corp. (NASDAQ:BSVN) saw an uptick in trading volume on Friday . Approximately 14,824 shares were traded during trading, a decline of 24% from the previous session’s volume of 19,391 shares.The stock last traded at $56.39 and had previously closed at $52.45.

Analysts Set New Price Targets

BSVN has been the topic of several recent analyst reports. Weiss Ratings raised shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Keefe, Bruyette & Woods raised their price objective on Bank7 from $54.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Finally, Piper Sandler increased their target price on shares of Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.50.

Bank7 Stock Up 6.9%

The company has a 50 day moving average of $50.81 and a two-hundred day moving average of $45.63. The firm has a market cap of $534.59 million, a P/E ratio of 12.87 and a beta of 0.87.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.16). Bank7 had a return on equity of 16.48% and a net margin of 30.36%.The company had revenue of $22.91 million for the quarter, compared to the consensus estimate of $23.86 million. Research analysts expect that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.30 per share. This is a boost from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.1%. Bank7’s dividend payout ratio (DPR) is 24.71%.

Insider Buying and Selling at Bank7

In related news, VP Jason Estes sold 3,225 shares of Bank7 stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $49.51, for a total value of $159,669.75. Following the completion of the sale, the vice president owned 101,898 shares of the company’s stock, valued at approximately $5,044,969.98. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 5,702 shares of company stock worth $284,373. 25.71% of the stock is currently owned by company insiders.

Institutional Trading of Bank7

Several large investors have recently modified their holdings of BSVN. AQR Capital Management LLC bought a new stake in Bank7 during the first quarter valued at about $227,000. Goldman Sachs Group Inc. raised its stake in shares of Bank7 by 11.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,145 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Bank7 by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 101,428 shares of the company’s stock worth $4,243,000 after acquiring an additional 2,442 shares during the period. JPMorgan Chase & Co. boosted its holdings in Bank7 by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock valued at $534,000 after purchasing an additional 245 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Bank7 by 13.3% in the second quarter. Russell Investments Group Ltd. now owns 28,829 shares of the company’s stock valued at $1,206,000 after acquiring an additional 3,378 shares during the period. 23.48% of the stock is owned by 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.