Bank7 (NASDAQ:BSVN) Hits New 1-Year High – Here’s Why

Bank7 Corp. (NASDAQ:BSVNGet Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $52.67 and last traded at $52.78, with a volume of 5737 shares changing hands. The stock had previously closed at $50.80.

Key Stories Impacting Bank7

Here are the key news stories impacting Bank7 this week:

Wall Street Analyst Weigh In

Several analysts have commented on BSVN shares. Zacks Research cut shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Keefe, Bruyette & Woods decreased their target price on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Piper Sandler increased their price target on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Check Out Our Latest Analysis on Bank7

Bank7 Trading Down 2.5%

The company has a market cap of $480.76 million, a price-to-earnings ratio of 10.84 and a beta of 0.91. The business has a fifty day moving average of $46.19 and a two-hundred day moving average of $43.78.

Bank7 (NASDAQ:BSVNGet Free Report) last issued its quarterly earnings data 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 net margin of 31.77% and a return on equity of 18.18%. The business had revenue of $22.91 million during the quarter, compared to analyst estimates of $23.86 million. On average, research analysts forecast that Bank7 Corp. will post 4.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bank7 news, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. Following the transaction, the executive vice president directly owned 6,497 shares of the company’s stock, valued at $279,371. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Haines sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the transaction, the insider owned 16,647 shares of the company’s stock, valued at approximately $733,633.29. This trade represents a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 25.71% of the company’s stock.

Hedge Funds Weigh In On Bank7

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in Bank7 by 77.8% in the 4th 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 during the last quarter. PNC Financial Services Group Inc. boosted its position in Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock worth $64,000 after acquiring an additional 604 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Bank7 by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after acquiring an additional 420 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Bank7 by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after acquiring an additional 1,540 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in Bank7 in the 4th quarter worth approximately $202,000. Hedge funds and other institutional investors own 23.48% of the company’s stock.

About Bank7

(Get Free Report)

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.

Further Reading

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