Bank7 (NASDAQ:BSVN) Sees Unusually-High Trading Volume – Time to Buy?

Bank7 Corp. (NASDAQ:BSVN) saw unusually-strong trading volume on Thursday . Approximately 13,688 shares traded hands during 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.

Analyst Ratings Changes

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

Bank7 Price Performance

The stock has a market cap of $522.88 million, a P/E ratio of 12.56 and a beta of 0.87. The firm’s fifty day moving average price is $51.55 and its two-hundred day moving average price is $46.11.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings data 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 return on equity of 16.48% and a net margin of 30.36%.The business had revenue of $22.91 million during the quarter, compared to analysts’ expectations of $23.86 million. On average, research analysts expect 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. Investors of record on Friday, September 18th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. This is a positive change from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, September 18th. Bank7’s dividend payout ratio (DPR) is currently 27.46%.

Insiders Place Their Bets

In related news, VP Jason Estes sold 2,077 shares of the firm’s 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 sale, the vice president directly owned 103,840 shares of the company’s stock, valued at $5,209,652.80. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 5,702 shares of company stock valued at $284,373 over the last quarter. Company insiders own 25.71% of the company’s stock.

Institutional Trading of Bank7

Several institutional investors and hedge funds have recently made changes to their positions in BSVN. JPMorgan Chase & Co. grew its position in Bank7 by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock worth $534,000 after acquiring an additional 245 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bank7 by 30.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after purchasing an additional 420 shares in the last quarter. First Trust Advisors LP increased its position in shares of Bank7 by 7.5% during the 2nd quarter. First Trust Advisors LP now owns 6,030 shares of the company’s stock valued at $252,000 after purchasing an additional 423 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Bank7 by 3.9% during the 4th quarter. Jane Street Group LLC now owns 12,254 shares of the company’s stock valued at $502,000 after buying an additional 458 shares in the last quarter. Finally, State Street Corp lifted its position in Bank7 by 0.7% in the 4th quarter. State Street Corp now owns 63,447 shares of the company’s stock worth $2,617,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors 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.