Bank7 (NASDAQ:BSVN) Shares Down 4% – Time to Sell?

Bank7 Corp. (NASDAQ:BSVN)’s stock price dropped 4% during mid-day trading on Wednesday . The company traded as low as $49.59 and last traded at $49.67. 31,990 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 21,056 shares. The stock had previously closed at $51.75.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BSVN shares. Weiss Ratings raised shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods decreased their target price on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Zacks Research downgraded shares of Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Piper Sandler raised their price target on shares of Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.50.

Bank7 Price Performance

The company has a market capitalization of $487.61 million, a price-to-earnings ratio of 10.99 and a beta of 0.91. The firm has a fifty day simple moving average of $45.44 and a 200 day simple moving average of $43.45.

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

Bank7 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Friday, June 19th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 18th. Bank7’s dividend payout ratio (DPR) is presently 23.18%.

Insider Activity

In other news, insider Douglas A. Haines sold 1,000 shares of Bank7 stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $44.07, for a total value of $44,070.00. Following the sale, the insider owned 16,647 shares in the company, valued at $733,633.29. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the sale, the executive vice president directly owned 6,497 shares of the company’s stock, valued at $279,371. This represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 25.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its position in shares of Bank7 by 77.8% in the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after purchasing an additional 294 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock worth $64,000 after buying an additional 604 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Bank7 by 30.2% during the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after buying an additional 420 shares in the last quarter. Wells Fargo & Company MN boosted its stake in 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 during the last quarter. Finally, Zacks Investment Management acquired a new position in Bank7 during the fourth quarter worth $202,000. 23.48% of the stock is owned by hedge funds and other institutional investors.

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.