Bank7 (NASDAQ:BSVN) Reaches New 52-Week High – Time to Buy?

Bank7 Corp. (NASDAQ:BSVN) shares hit a new 52-week high during trading on Thursday. The company traded as high as $60.17 and last traded at $59.7730, with a volume of 2,150 shares. The stock had previously closed at $59.63.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler raised their target price on Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, October 16th. Zacks Research upgraded Bank7 from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. UBS Group reissued a “buy” rating on shares of Bank7 in a research report on Friday, October 16th. Keefe, Bruyette & Woods raised their price objective on Bank7 from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank7 in a report on Wednesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.33.

Bank7 Stock Performance

The stock has a market cap of $556.46 million, a PE ratio of 13.58 and a beta of 0.74. The business has a 50 day moving average price of $55.87 and a two-hundred day moving average price of $47.95.

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

Bank7 Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. This is a boost from Bank7’s previous quarterly dividend of $0.27. Bank7’s payout ratio is 27.91%.

Insider Activity at Bank7

In related news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the business’s 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 transaction, the executive vice president directly owned 9,997 shares of the company’s stock, valued at approximately $575,927.17. The trade was a 14.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Bank7

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Bank7 during the 2nd quarter worth approximately $28,930,000. The Manufacturers Life Insurance Company bought a new stake in shares of Bank7 in the second quarter valued at $13,441,000. Dimensional Fund Advisors LP lifted its position in shares of Bank7 by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock valued at $5,390,000 after buying an additional 5,303 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Bank7 during the 2nd quarter valued at $2,186,000. Finally, Sei Investments Co. grew its stake in shares of Bank7 by 91.2% during the 1st quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after acquiring an additional 19,641 shares during the period. Institutional investors own 23.48% of the company’s stock.

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.