Insider Selling: Bank7 (NASDAQ:BSVN) Insider Sells 1,000 Shares of Stock

Bank7 Corp. (NASDAQ:BSVN) insider Douglas Haines sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total value of $44,070.00. Following the completion of the transaction, the insider directly owned 16,647 shares in the company, valued at approximately $733,633.29. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Bank7 Trading Up 0.1%

Bank7 stock traded up $0.04 during trading on Friday, reaching $44.43. The company had a trading volume of 1,900 shares, compared to its average volume of 11,482. Bank7 Corp. has a 52 week low of $36.91 and a 52 week high of $50.10. The firm’s 50-day simple moving average is $42.33 and its 200 day simple moving average is $42.47. The firm has a market capitalization of $422.97 million, a price-to-earnings ratio of 9.53 and a beta of 0.93.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler boosted their price objective on Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Zacks Research upgraded Bank7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Weiss Ratings downgraded Bank7 from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Finally, Keefe, Bruyette & Woods reduced their target price on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, Bank7 has an average rating of “Buy” and an average target price of $54.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BSVN. State of Alaska Department of Revenue boosted its position in shares of Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after buying an additional 294 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Bank7 by 60.4% in the first 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 during the period. BNP Paribas Financial Markets boosted its holdings in shares of Bank7 by 30.2% in the third 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 during the period. Wells Fargo & Company MN boosted its holdings in shares of Bank7 by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after purchasing an additional 1,540 shares during the period. Finally, Zacks Investment Management purchased a new stake in shares of Bank7 in the fourth quarter valued at approximately $202,000. Hedge funds and other institutional investors own 23.48% of the company’s stock.

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.