Bank7 (NASDAQ:BSVN) Sees Strong Trading Volume – Time to Buy?

Bank7 Corp. (NASDAQ:BSVN) saw strong trading volume on Monday . 27,301 shares were traded during trading, an increase of 46% from the previous session’s volume of 18,687 shares.The stock last traded at $53.34 and had previously closed at $51.83.

Analyst Ratings Changes

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

Bank7 Stock Up 2.0%

The company has a market cap of $503.78 million, a P/E ratio of 12.10 and a beta of 0.90. The business has a fifty day simple moving average of $49.76 and a two-hundred day simple moving average of $45.18.

Bank7 (NASDAQ:BSVN) last released its quarterly 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). Bank7 had a net margin of 30.36% and a return on equity of 16.48%. The firm had revenue of $22.91 million for the quarter, compared to the consensus estimate of $23.86 million. On average, equities analysts predict that Bank7 Corp. will post 4.26 EPS for the current fiscal year.

Bank7 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Friday, September 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 18th. This is a positive change from Bank7’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.3%. Bank7’s payout ratio is 27.46%.

Insider Activity at Bank7

In other Bank7 news, VP Jason E. Estes sold 2,077 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 103,840 shares in the company, valued at approximately $5,209,652.80. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Douglas A. Haines sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the completion of the transaction, the insider owned 16,647 shares in the company, valued at $733,633.29. The trade was a 5.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,702 shares of company stock valued at $328,443 over the last 90 days. 25.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bank7

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after purchasing an additional 294 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after purchasing an additional 604 shares during the period. BNP Paribas Financial Markets increased its position in Bank7 by 30.2% in the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after buying an additional 420 shares in the last quarter. California State Teachers Retirement System increased its position in Bank7 by 1,177.0% in the second quarter. California State Teachers Retirement System now owns 2,937 shares of the company’s stock worth $144,000 after buying an additional 2,707 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Bank7 in the second quarter worth about $159,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

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.