Key Points
- Bank7 VP Jason Estes sold 3,225 shares at an average price of $49.51, generating $159,669.75. He retained 101,898 shares, reducing his direct ownership by 3.07%.
- Bank7 reported quarterly EPS of $0.87, below the $1.03 analyst consensus, while revenue of $22.91 million also missed expectations of $23.86 million.
- Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $58.50, despite the stock trading near $50.17.
Bank7 Corp. (NASDAQ:BSVN - Get Free Report) VP Jason Estes sold 3,225 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $49.51, for a total value of $159,669.75. Following the completion of the sale, the vice president directly owned 101,898 shares in the company, valued at approximately $5,044,969.98. The trade was a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Bank7 Price Performance
Bank7 stock opened at $50.17 on Wednesday. The stock has a market capitalization of $477.62 million, a PE ratio of 11.48 and a beta of 0.91. The business has a 50 day simple moving average of $47.35 and a 200-day simple moving average of $44.25. Bank7 Corp. has a 12 month low of $38.29 and a 12 month high of $52.99.
Bank7 (NASDAQ:BSVN - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.16). The business had revenue of $22.91 million for 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%. On average, equities research analysts anticipate that Bank7 Corp. will post 4.26 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BSVN. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Bank7 in the third quarter valued at approximately $3,312,000. Invesco Ltd. purchased a new stake in Bank7 in the 2nd quarter valued at $2,803,000. Mink Brook Asset Management LLC increased its stake in shares of Bank7 by 4.4% in the 4th quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company's stock worth $19,343,000 after acquiring an additional 20,035 shares during the last quarter. Sei Investments Co. increased its stake in shares of Bank7 by 91.2% in the 1st quarter. Sei Investments Co. now owns 41,174 shares of the company's stock worth $1,642,000 after acquiring an additional 19,641 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Bank7 by 137.9% during the 4th quarter. Millennium Management LLC now owns 21,997 shares of the company's stock worth $901,000 after acquiring an additional 12,749 shares during the period. 23.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BSVN. Weiss Ratings upgraded Bank7 from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 12th. Keefe, Bruyette & Woods lifted their price target on Bank7 from $54.00 to $56.00 and gave the stock an "outperform" rating in a research note on Friday, July 17th. Piper Sandler increased their price objective on Bank7 from $57.00 to $61.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. Finally, Zacks Research cut shares of Bank7 from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Bank7 currently has a consensus rating of "Moderate Buy" and an average price target of $58.50.
Get Our Latest Report 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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