Jason Estes Sells 2,077 Shares of Bank7 (NASDAQ:BSVN) Stock

Bank7 Corp. (NASDAQ:BSVN) VP Jason Estes sold 2,077 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total transaction of $104,203.09. Following the transaction, the vice president owned 103,840 shares in the company, valued at approximately $5,209,652.80. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bank7 Price Performance

Shares of Bank7 stock opened at $50.10 on Thursday. The firm’s fifty day simple moving average is $48.15 and its 200-day simple moving average is $44.56. Bank7 Corp. has a 12 month low of $38.29 and a 12 month high of $52.99. The stock has a market capitalization of $476.90 million, a price-to-earnings ratio of 11.46 and a beta of 0.90.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.16). The business had revenue of $22.91 million for the quarter, compared to analyst estimates of $23.86 million. Bank7 had a return on equity of 16.74% and a net margin of 30.36%. Analysts anticipate that Bank7 Corp. will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Bank7

Several institutional investors and hedge funds have recently modified their holdings of BSVN. State of Alaska Department of Revenue increased its position in Bank7 by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after purchasing an additional 294 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Bank7 by 60.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after purchasing an additional 604 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Bank7 by 30.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after purchasing an additional 420 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Bank7 during the 3rd quarter worth about $213,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Bank7 by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock worth $195,000 after buying an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors 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.