Bank7 (NASDAQ:BSVN) EVP Darrell Lee Jr. Mathews Sells 1,750 Shares of Stock

Bank7 Corp. (NASDAQ:BSVN) EVP Darrell Lee Jr. Mathews sold 1,750 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total transaction of $100,817.50. Following the sale, the executive vice president owned 9,997 shares in the company, valued at $575,927.17. The trade was a 14.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 PE ratio of 13.67 and a beta of 0.85. The firm’s fifty day simple moving average is $54.49 and its 200-day simple moving average is $49.25.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Thursday, October 15th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. Bank7 had a net margin of 30.55% and a return on equity of 15.96%. The firm had revenue of $23.37 million during the quarter, compared to analysts’ expectations of $23.75 million. Equities analysts anticipate that Bank7 Corp. will post 3.87 earnings per share for the current year.

Bank7 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were given a dividend of $0.30 per share. The ex-dividend date was 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 2.0%. Bank7’s dividend payout ratio (DPR) is currently 27.91%.

Hedge Funds Weigh In On Bank7

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Bank7 during the second quarter worth about $28,930,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Bank7 in the second quarter valued at about $13,441,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bank7 in the second quarter valued at approximately $2,186,000. Hsbc Holdings PLC acquired a new stake in shares of Bank7 in the second quarter valued at approximately $1,534,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bank7 in the second quarter valued at approximately $1,257,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BSVN has been the subject of a number of research reports. Piper Sandler lifted their price target on shares of Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. UBS Group reaffirmed a “buy” rating on shares of Bank7 in a research note on Friday, October 16th. Royal Bank Of Canada set a $62.00 price objective on Bank7 in a report on Wednesday, September 23rd. Zacks Research downgraded Bank7 from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Bank7 in a research report on Wednesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bank7 has a consensus rating of “Moderate Buy” and a consensus target price of $64.33.

About Bank7

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.