Key Points
- Bank7 EVP Darrell Lee Jr. Mathews sold 1,750 shares at an average price of $57.61, totaling $100,817.50. His direct holdings fell 14.9% to 9,997 shares.
- Bank7 shares opened at $58.80, near their 52-week high of $59.04, after the company reported quarterly EPS of $1.06, slightly above analyst expectations.
- The bank increased its quarterly dividend from $0.27 to $0.30 per share, implying a $1.20 annual payout and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $64.33.
Bank7 Corp. (NASDAQ:BSVN - Get Free Report) EVP Darrell Lee Jr. Mathews sold 1,750 shares of the firm's stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total value of $100,817.50. Following the transaction, the executive vice president directly owned 9,997 shares of the company's stock, valued at $575,927.17. The trade was a 14.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Bank7 Stock Up 1.9%
NASDAQ BSVN opened at $58.80 on Friday. Bank7 Corp. has a fifty-two week low of $38.29 and a fifty-two week high of $59.04. The stock has a market cap of $560.36 million, a price-to-earnings ratio of 13.67 and a beta of 0.85. The business has a fifty day moving average of $54.49 and a 200-day moving average of $49.25.
Bank7 (NASDAQ:BSVN - Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.01. The business had revenue of $23.37 million for the quarter, compared to analyst estimates of $23.75 million. Bank7 had a return on equity of 15.96% and a net margin of 30.55%. As a group, analysts anticipate that Bank7 Corp. will post 3.87 EPS for the current year.
Bank7 Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.0%. This is an increase from Bank7's previous quarterly dividend of $0.27. Bank7's dividend payout ratio is 27.91%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of BSVN. PNC Financial Services Group Inc. boosted its position in shares of Bank7 by 60.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company's stock worth $64,000 after acquiring an additional 604 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Bank7 by 14.4% in the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company's stock valued at $563,000 after purchasing an additional 1,448 shares during the period. Hsbc Holdings PLC grew its holdings in Bank7 by 6.1% in the second quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock valued at $1,534,000 after purchasing an additional 1,810 shares during the period. R Squared Ltd increased its position in Bank7 by 37.2% during the first quarter. R Squared Ltd now owns 7,176 shares of the company's stock worth $286,000 after purchasing an additional 1,945 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Bank7 during the second quarter worth approximately $159,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Bank7 from a "hold" rating to a "strong sell" rating in a research report on Friday, September 25th. Weiss Ratings restated a "buy (b)" rating on shares of Bank7 in a research report on Wednesday, September 9th. Piper Sandler raised their target price on shares of Bank7 from $61.00 to $69.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. UBS Group reiterated a "buy" rating on shares of Bank7 in a report on Friday, October 16th. Finally, Keefe, Bruyette & Woods increased their price target on Bank7 from $56.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.33.
Get Our Latest Analysis on BSVN
Bank7 Company Profile
(
Get Free Report)
Bank7 is a community bank headquartered in Oklahoma City, Oklahoma, and the principal subsidiary of Bank7 Corporation (NASDAQ: BSVN). Founded in 2004, the bank serves businesses, professionals and individual customers through banking locations in Oklahoma and Texas.
The bank provides a range of commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate lending, construction loans, commercial and industrial loans, residential real estate loans and consumer financing.
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