Key Points
- CFO Kelly Harris sold 4,500 shares on Feb. 4 at an average price of $45.75 for proceeds of $205,875, reducing her stake by 26.08% to 12,756 shares (SEC filing).
- Stock and recent results: shares traded near $45.83 with a $433.1M market cap and P/E of 10.21; the company beat quarterly EPS estimates ($1.12 vs. $1.03) and reported strong profitability (ROE 18.58%, net margin 31.38%).
- Dividend & analyst view: Bank7 pays a $0.27 quarterly dividend (2.4% yield, 24.05% payout ratio) and carries a consensus "Moderate Buy" rating with an average target price of $54.00.
Bank7 Corp. (NASDAQ:BSVN - Get Free Report) CFO Kelly Harris sold 4,500 shares of Bank7 stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $45.75, for a total transaction of $205,875.00. Following the completion of the transaction, the chief financial officer directly owned 12,756 shares of the company's stock, valued at $583,587. This trade represents a 26.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Bank7 Stock Performance
Shares of NASDAQ:BSVN traded up $0.42 during trading on Friday, reaching $45.83. 170 shares of the stock traded hands, compared to its average volume of 13,792. The stock has a market cap of $433.13 million, a P/E ratio of 10.21 and a beta of 0.94. The stock has a 50-day moving average of $43.08 and a two-hundred day moving average of $44.46. Bank7 Corp. has a 52-week low of $32.49 and a 52-week high of $50.10.
Bank7 (NASDAQ:BSVN - Get Free Report) last released its quarterly earnings data on Thursday, January 15th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. Bank7 had a return on equity of 18.58% and a net margin of 31.38%.The business had revenue of $24.10 million for the quarter, compared to analysts' expectations of $24.10 million. Sell-side analysts expect that Bank7 Corp. will post 4.06 earnings per share for the current year.
Bank7 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 22nd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.08 annualized dividend and a dividend yield of 2.4%. Bank7's dividend payout ratio (DPR) is 24.05%.
Analyst Ratings Changes
BSVN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Bank7 from $54.00 to $53.00 and set an "outperform" rating on the stock in a report on Thursday, October 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Bank7 in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Bank7 has an average rating of "Moderate Buy" and an average target price of $54.00.
Read Our Latest Report on Bank7
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Bank7 by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company's stock worth $534,000 after purchasing an additional 245 shares during the period. State of Alaska Department of Revenue lifted its holdings in Bank7 by 77.8% in the fourth 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 during the period. BNP Paribas Financial Markets boosted its position in Bank7 by 30.2% during the 3rd 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. First Trust Advisors LP lifted its stake in shares of Bank7 by 7.5% in the 2nd quarter. First Trust Advisors LP now owns 6,030 shares of the company's stock valued at $252,000 after purchasing an additional 423 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Bank7 by 5.0% during the third quarter. Bank of America Corp DE now owns 13,013 shares of the company's stock valued at $602,000 after purchasing an additional 624 shares in the last quarter. 23.48% of the stock is owned by hedge funds and other institutional investors.
Bank7 Company Profile
(
Get Free Report)
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.
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