Jason E. Estes Sells 4,964 Shares of Bank7 Corp. (NASDAQ:BSVN) Stock

Bank7 Corp. (NASDAQ:BSVN) VP Jason E. Estes sold 4,964 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $37.18, for a total transaction of $184,561.52. Following the completion of the transaction, the vice president now owns 71,318 shares of the company’s stock, valued at approximately $2,651,603.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bank7 Stock Up 0.7 %

Shares of Bank7 stock traded up $0.25 during mid-day trading on Thursday, hitting $36.25. The stock had a trading volume of 51,486 shares, compared to its average volume of 14,432. The firm has a 50-day moving average of $30.52 and a two-hundred day moving average of $28.37. Bank7 Corp. has a 12-month low of $19.53 and a 12-month high of $37.90. The firm has a market cap of $335.31 million, a P/E ratio of 10.56 and a beta of 1.49.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings data on Thursday, July 11th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. The firm had revenue of $24.40 million during the quarter, compared to analysts’ expectations of $23.20 million. Bank7 had a net margin of 22.22% and a return on equity of 18.36%. During the same quarter last year, the company posted $1.05 EPS. Sell-side analysts expect that Bank7 Corp. will post 4.33 earnings per share for the current year.

Bank7 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Thursday, June 20th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.32%. Bank7’s payout ratio is currently 24.63%.

Hedge Funds Weigh In On Bank7

Hedge funds have recently made changes to their positions in the stock. Kennedy Capital Management LLC lifted its holdings in Bank7 by 22.5% during the 1st quarter. Kennedy Capital Management LLC now owns 113,841 shares of the company’s stock worth $3,210,000 after buying an additional 20,881 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Bank7 by 33.8% during the 1st quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock worth $363,000 after buying an additional 3,254 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Bank7 by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 221,768 shares of the company’s stock worth $6,254,000 after buying an additional 2,817 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Bank7 by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock worth $548,000 after buying an additional 2,156 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Bank7 by 7.8% in the 1st quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock valued at $818,000 after purchasing an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price target on shares of Bank7 from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.