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

Bank7 Corp. (NASDAQ:BSVN) VP Jason Estes sold 2,077 shares of Bank7 stock in a transaction dated Tuesday, August 4th. The shares were 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 in the company, valued at $5,209,652.80. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bank7 Stock Performance

Shares of NASDAQ:BSVN opened at $51.01 on Wednesday. The stock has a 50-day simple moving average of $48.03 and a 200-day simple moving average of $44.52. The stock has a market capitalization of $485.62 million, a P/E ratio of 11.67 and a beta of 0.90. Bank7 Corp. has a 1 year low of $38.29 and a 1 year high of $52.99.

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

Institutional Investors Weigh In On Bank7

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in Bank7 by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after buying an additional 294 shares in the last quarter. PNC Financial Services Group Inc. boosted its position 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 buying an additional 604 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bank7 by 30.2% during the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after acquiring an additional 420 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Bank7 during the third quarter valued at about $213,000. Finally, Wells Fargo & Company MN increased its position 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 acquiring an additional 1,540 shares during the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research lowered Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods upped their target price on Bank7 from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Piper Sandler upped their target price on Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

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.