Key Points
- Insider sale: EVP Darrell Lee Jr. Mathews sold 1,000 shares on May 5 at an average price of $43, reducing his stake by 13.34% to 6,497 shares (valued about $279,371); the sale was disclosed in an SEC filing.
- Strong results and bullish analyst view: Bank7 reported Q1 EPS of $1.25 versus $1.01 expected and revenue of $26.16M, and analysts have largely upgraded ratings (consensus "Buy" with a $54.50 target); the stock trades near $43.61 with a market cap of about $415M and a PE of 9.36.
Bank7 Corp. (NASDAQ:BSVN - Get Free Report) EVP Darrell Lee Jr. Mathews sold 1,000 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $43.00, for a total value of $43,000.00. Following the sale, the executive vice president owned 6,497 shares in the company, valued at $279,371. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Bank7 Stock Up 0.6%
NASDAQ:BSVN opened at $43.61 on Thursday. Bank7 Corp. has a 52 week low of $36.47 and a 52 week high of $50.10. The stock has a market capitalization of $415.17 million, a PE ratio of 9.36 and a beta of 0.93. The stock's 50-day moving average price is $41.57 and its 200-day moving average price is $42.35.
Bank7 (NASDAQ:BSVN - Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.24. Bank7 had a return on equity of 18.52% and a net margin of 31.77%.The firm had revenue of $26.16 million for the quarter, compared to analysts' expectations of $23.63 million. Sell-side analysts expect that Bank7 Corp. will post 4.45 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BSVN has been the topic of a number of analyst reports. Piper Sandler raised their target price on Bank7 from $55.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods lowered their price objective on Bank7 from $53.00 to $52.00 and set an "outperform" rating on the stock in a report on Wednesday, April 15th. Zacks Research upgraded Bank7 from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 16th. Finally, Weiss Ratings upgraded Bank7 from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. Based on data from MarketBeat, Bank7 currently has a consensus rating of "Buy" and a consensus target price of $54.50.
View Our Latest Stock Report on Bank7
Institutional Investors Weigh In On Bank7
Several institutional investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC boosted its holdings in shares of Bank7 by 4.4% during the 4th quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company's stock worth $19,343,000 after purchasing an additional 20,035 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Bank7 by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 129,857 shares of the company's stock worth $5,322,000 after purchasing an additional 5,214 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Bank7 by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 101,936 shares of the company's stock worth $4,178,000 after purchasing an additional 556 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Bank7 during the 3rd quarter worth approximately $3,312,000. Finally, Invesco Ltd. acquired a new position in shares of Bank7 during the 2nd quarter worth approximately $2,803,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.
About Bank7
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
