Bank7 (NASDAQ:BSVN) Sees Strong Trading Volume – What’s Next?

Shares of Bank7 Corp. (NASDAQ:BSVN) saw strong trading volume on Thursday . 13,688 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 20,385 shares.The stock last traded at $54.5210 and had previously closed at $54.64.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research cut Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Piper Sandler raised their target price on Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Keefe, Bruyette & Woods boosted their price target on shares of Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.50.

Bank7 Trading Down 0.2%

The business has a fifty day moving average price of $51.34 and a 200-day moving average price of $45.97. The stock has a market capitalization of $519.76 million, a PE ratio of 12.48 and a beta of 0.87.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, July 16th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.16). Bank7 had a return on equity of 16.48% and a net margin of 30.36%.The business had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. On average, equities analysts anticipate that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Friday, September 18th will be given a $0.30 dividend. The ex-dividend date is Friday, September 18th. This is an increase from Bank7’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 2.2%. Bank7’s dividend payout ratio is presently 24.71%.

Insiders Place Their Bets

In other Bank7 news, VP Jason Estes sold 2,077 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total value of $104,203.09. Following the sale, the vice president owned 103,840 shares of the company’s stock, valued at $5,209,652.80. This trade represents a 1.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 5,702 shares of company stock worth $284,373. Corporate insiders own 25.71% of the company’s stock.

Institutional Investors Weigh In On Bank7

A number of large investors have recently made changes to their positions in BSVN. BlackRock Inc. purchased a new position in shares of Bank7 in the 2nd quarter valued at approximately $28,930,000. The Manufacturers Life Insurance Company purchased a new position in Bank7 in the second quarter worth about $13,441,000. Hotchkis & Wiley Capital Management LLC bought a new position in Bank7 in the 3rd quarter valued at approximately $3,312,000. Invesco Ltd. purchased a new stake in shares of Bank7 during the second quarter valued at $2,803,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bank7 in the second quarter worth approximately $2,186,000. 23.48% of the stock is currently owned by institutional investors.

Bank7 Company Profile

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.