Bank7 (NASDAQ:BSVN) Reaches New 52-Week High – What’s Next?

Bank7 Corp. (NASDAQ:BSVN) shares reached a new 52-week high on Thursday. The stock traded as high as $59.96 and last traded at $59.5490, with a volume of 1,257 shares changing hands. The stock had previously closed at $59.03.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BSVN shares. Royal Bank Of Canada set a $62.00 target price on shares of Bank7 in a research report on Wednesday, September 23rd. UBS Group restated a “buy” rating on shares of Bank7 in a research note on Friday, October 16th. Zacks Research upgraded shares of Bank7 from a “strong sell” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods raised their target price on shares of Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank7 in a research note on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.33.

Bank7 Stock Up 0.4%

The stock has a market cap of $564.67 million, a P/E ratio of 13.84 and a beta of 0.85. The business has a 50 day moving average price of $54.92 and a 200 day moving average price of $47.41.

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

Bank7 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders 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 dividend on an annualized basis and a yield of 2.0%. This is a boost from Bank7’s previous quarterly dividend of $0.27. Bank7’s payout ratio is 27.91%.

Insider Buying and Selling

In related news, VP Jason E. Estes sold 2,077 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total value of $104,203.09. Following the completion of the transaction, the vice president directly owned 103,840 shares of the company’s stock, valued at approximately $5,209,652.80. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $57.61, for a total value of $100,817.50. Following the completion of the sale, the executive vice president directly owned 9,997 shares of the company’s stock, valued at approximately $575,927.17. This represents a 14.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,227 shares of company stock worth $225,521 in the last ninety days. Corporate insiders own 25.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC raised its holdings in Bank7 by 14.4% in the 2nd quarter. Squarepoint Ops LLC now owns 11,511 shares of the company’s stock valued at $563,000 after buying an additional 1,448 shares during the period. Hsbc Holdings PLC boosted its holdings in Bank7 by 6.1% during the 2nd quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock valued at $1,534,000 after acquiring an additional 1,810 shares during the period. Bank of America Corp DE acquired a new position in shares of Bank7 in the second quarter valued at approximately $909,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Bank7 in the second quarter valued at $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Bank7 in the 2nd quarter valued at about $2,186,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

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.