Bank7 (NASDAQ:BSVN) Sees Strong Trading Volume – What’s Next?

Bank7 Corp. (NASDAQ:BSVN) shares saw strong trading volume on Thursday . Approximately 46,204 shares changed hands during trading, an increase of 117% from the previous session’s volume of 21,274 shares.The stock last traded at $54.8750 and had previously closed at $54.37.

Analysts Set New Price Targets

A number of analysts recently issued reports on BSVN shares. Piper Sandler lifted their target price on Bank7 from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods increased their price target on Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of Bank7 in a research note on Wednesday, September 9th. Finally, Zacks Research lowered Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Bank7 has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

Bank7 Stock Down 0.8%

The stock has a market cap of $516.05 million, a price-to-earnings ratio of 12.39 and a beta of 0.87. The business’s 50 day simple moving average is $51.94 and its 200 day simple moving average is $46.55.

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). The firm had revenue of $22.91 million for the quarter, compared to analyst estimates of $23.86 million. Bank7 had a return on equity of 16.48% and a net margin of 30.36%. Equities research analysts forecast that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Friday, September 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.2%. This is a boost from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, September 18th. Bank7’s dividend payout ratio (DPR) is presently 24.71%.

Insiders Place Their Bets

In other Bank7 news, VP Jason Estes sold 3,225 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $49.51, for a total value of $159,669.75. Following the sale, the vice president owned 101,898 shares in the company, valued at $5,044,969.98. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 5,702 shares of company stock worth $284,373 over the last 90 days. 25.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank7

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Bank7 during the 2nd quarter worth $28,930,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Bank7 during the second quarter worth $13,441,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bank7 in the second quarter valued at about $2,186,000. Hsbc Holdings PLC bought a new stake in shares of Bank7 in the second quarter valued at about $1,534,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Bank7 in the second quarter valued at about $1,257,000. Institutional investors own 23.48% of the company’s stock.

About Bank7

Bank7 is the principal banking subsidiary of Bank7 Corp., a full-service commercial bank headquartered in Oklahoma City, Oklahoma. The company provides banking services to businesses, professionals and individual customers, with an emphasis on relationship-based commercial banking.

Its products and services include business and personal checking and savings accounts, certificates of deposit, treasury management and other cash-management solutions. Bank7 also offers commercial real estate, commercial and industrial, energy, construction, residential mortgage and consumer loans.

Bank7 primarily serves customers in Oklahoma and selected surrounding markets.