Key Points
- Insider sale: Bank7 insider Douglas Haines sold 1,000 shares on May 28 at an average price of $44.07, for proceeds of $44,070. After the sale, he still owned 16,647 shares, a 5.67% reduction in his stake.
- Bank7’s recent results were solid: The company reported quarterly earnings of $1.25 per share, beating analyst estimates of $1.01, and revenue of $26.16 million versus expectations of $23.63 million. It also posted a return on equity of 18.18% and a net margin of 31.77%.
- Analyst sentiment remains positive: Bank7 has a consensus Buy rating with an average target price of $54.50. Recent ratings included upgrades from Zacks Research and price-target increases from Piper Sandler and Keefe, Bruyette & Woods.
Bank7 Corp. (NASDAQ:BSVN - Get Free Report) insider Douglas Haines sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total value of $44,070.00. Following the transaction, the insider directly owned 16,647 shares in the company, valued at approximately $733,633.29. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Bank7 Stock Performance
Shares of BSVN opened at $44.26 on Friday. The stock has a 50 day moving average price of $42.44 and a two-hundred day moving average price of $42.48. The firm has a market capitalization of $421.31 million, a P/E ratio of 9.50 and a beta of 0.93. Bank7 Corp. has a 52 week low of $36.91 and a 52 week high of $50.10.
Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.24. The firm had revenue of $26.16 million during the quarter, compared to analyst estimates of $23.63 million. Bank7 had a return on equity of 18.18% and a net margin of 31.77%. On average, equities analysts forecast that Bank7 Corp. will post 4.45 earnings per share for the current year.
Institutional Trading of Bank7
Several institutional investors and hedge funds have recently bought and sold shares of BSVN. AQR Capital Management LLC purchased a new stake in Bank7 in the first quarter worth about $227,000. Goldman Sachs Group Inc. lifted its holdings in Bank7 by 11.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company's stock worth $1,164,000 after buying an additional 3,145 shares during the period. Geode Capital Management LLC lifted its holdings in Bank7 by 2.5% in the second quarter. Geode Capital Management LLC now owns 101,428 shares of the company's stock worth $4,243,000 after buying an additional 2,442 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Bank7 by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company's stock valued at $534,000 after purchasing an additional 245 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Bank7 by 13.3% during the second quarter. Russell Investments Group Ltd. now owns 28,829 shares of the company's stock valued at $1,206,000 after purchasing an additional 3,378 shares during the last quarter. 23.48% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on BSVN shares. Keefe, Bruyette & Woods reduced their target price on Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a report on Wednesday, April 15th. Zacks Research upgraded Bank7 from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 16th. Piper Sandler increased their price objective on Bank7 from $55.00 to $57.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings downgraded Bank7 from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, Bank7 has a consensus rating of "Buy" and an average target price of $54.50.
Read Our Latest Analysis on BSVN
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.
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