Bank7 (NASDAQ:BSVN) Hits New 1-Year High – Still a Buy?

Shares of Bank7 Corp. (NASDAQ:BSVN) reached a new 52-week high during trading on Wednesday . The stock traded as high as $52.67 and last traded at $52.78, with a volume of 5737 shares trading hands. The stock had previously closed at $50.80.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price objective on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings raised Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Zacks Research lowered Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Piper Sandler boosted their price objective on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Bank7 Stock Performance

The stock has a market capitalization of $497.04 million, a PE ratio of 11.20 and a beta of 0.91. The firm has a 50 day moving average of $45.89 and a 200-day moving average of $43.64.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.24. The business had revenue of $26.16 million during the quarter, compared to analyst estimates of $23.63 million. Bank7 had a net margin of 31.77% and a return on equity of 18.18%. On average, sell-side analysts predict that Bank7 Corp. will post 4.45 earnings per share for the current year.

Bank7 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 19th were given a $0.27 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.08 dividend on an annualized basis and a yield of 2.1%. Bank7’s dividend payout ratio is presently 23.18%.

Insiders Place Their Bets

In related news, insider Douglas A. Haines sold 1,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the completion of the sale, the insider directly owned 16,647 shares in the company, valued at approximately $733,633.29. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of Bank7 stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $43.00, for a total value of $43,000.00. Following the sale, the executive vice president directly owned 6,497 shares of the company’s stock, valued at approximately $279,371. The trade was a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 25.71% of the company’s stock.

Hedge Funds Weigh In On Bank7

Hedge funds have recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC lifted its stake in Bank7 by 4.4% in the fourth quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company’s stock valued at $19,343,000 after acquiring an additional 20,035 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bank7 by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock valued at $5,390,000 after purchasing an additional 5,303 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bank7 by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 101,936 shares of the company’s stock worth $4,178,000 after purchasing an additional 556 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Bank7 in the third quarter worth $3,312,000. Finally, Invesco Ltd. acquired a new position in Bank7 during the second quarter worth $2,803,000. Institutional investors and hedge funds own 23.48% of the company’s stock.

About Bank7

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.