Bank7 (NASDAQ:BSVN) Issues Earnings Results, Beats Estimates By $0.09 EPS

Bank7 (NASDAQ:BSVN) released its quarterly earnings results on Thursday. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09, FiscalAI reports. Bank7 had a return on equity of 19.11% and a net margin of 31.60%.The company had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $24.10 million.

Bank7 Price Performance

BSVN stock opened at $43.14 on Thursday. Bank7 has a fifty-two week low of $32.49 and a fifty-two week high of $50.26. The business has a 50-day moving average of $42.09 and a 200-day moving average of $44.51. The stock has a market capitalization of $407.80 million, a P/E ratio of 9.52 and a beta of 0.91.

Bank7 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, December 22nd. Bank7’s payout ratio is 23.84%.

Analyst Upgrades and Downgrades

BSVN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Bank7 from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank7 in a research note on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Bank7 has an average rating of “Moderate Buy” and an average price target of $54.00.

Institutional Investors Weigh In On Bank7

Several large investors have recently made changes to their positions in BSVN. Dimensional Fund Advisors LP increased its position in Bank7 by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 124,643 shares of the company’s stock worth $5,767,000 after buying an additional 5,859 shares during the last quarter. Geode Capital Management LLC boosted its position in Bank7 by 2.5% during the second quarter. Geode Capital Management LLC now owns 101,428 shares of the company’s stock worth $4,243,000 after purchasing an additional 2,442 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Bank7 during the 3rd quarter worth about $3,312,000. Invesco Ltd. acquired a new stake in Bank7 during the second quarter worth approximately $2,803,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Bank7 by 19.9% during the third quarter. Russell Investments Group Ltd. now owns 34,572 shares of the company’s stock worth $1,600,000 after acquiring an additional 5,743 shares during the period. Institutional investors and hedge funds own 23.48% of the company’s stock.

About Bank7

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.