Bank7 (NASDAQ:BSVN) EVP Darrell Lee Jr. Mathews Sells 1,750 Shares of Company Stock
by Danessa Lincoln · The Markets DailyBank7 Corp. (NASDAQ:BSVN – Get Free Report) EVP Darrell Lee Jr. Mathews sold 1,750 shares of the stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total value of $100,817.50. Following the sale, the executive vice president owned 9,997 shares of the company’s stock, valued at approximately $575,927.17. This represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Bank7 Price Performance
BSVN traded up $0.89 during trading on Thursday, reaching $58.60. 8,703 shares of the stock traded hands, compared to its average volume of 24,738. The stock’s 50-day simple moving average is $54.36 and its two-hundred day simple moving average is $49.13. 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 $558.51 million, a price-to-earnings ratio of 13.70 and a beta of 0.85.
Bank7 (NASDAQ:BSVN – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Bank7 had a return on equity of 15.96% and a net margin of 30.55%. The company had revenue of $23.37 million during the quarter, compared to the consensus estimate of $23.75 million. Research analysts anticipate that Bank7 Corp. will post 3.87 earnings per share for the current fiscal year.
Bank7 Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Friday, September 18th were given a $0.30 dividend. This is an increase from Bank7’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, September 18th. Bank7’s dividend payout ratio (DPR) is 27.91%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on BSVN. Weiss Ratings reissued a “buy (b)” rating on shares of Bank7 in a research report on Wednesday, September 9th. UBS Group restated a “buy” rating on shares of Bank7 in a research report on Friday, October 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Zacks Research downgraded shares of Bank7 from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Finally, Piper Sandler increased their target price on shares of Bank7 from $61.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.33.
Check Out Our Latest Research Report on BSVN
Institutional Trading of Bank7
Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Bank7 in the second quarter valued at about $28,930,000. The Manufacturers Life Insurance Company acquired a new position in Bank7 in the second quarter worth about $13,441,000. Dimensional Fund Advisors LP raised its position in Bank7 by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock worth $5,390,000 after purchasing an additional 5,303 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Bank7 during the second quarter worth about $2,186,000. Finally, Sei Investments Co. boosted its holdings in Bank7 by 91.2% during the first quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock valued at $1,642,000 after purchasing an additional 19,641 shares in the last quarter. 23.48% of the stock is currently owned by institutional investors and hedge funds.
About Bank7
Bank7 Corp. (NASDAQ: BSVN) is the bank holding company for Bank7, a community-focused financial institution headquartered in Oklahoma City, Oklahoma. The bank provides banking and financial services to businesses, professionals and individuals, with an emphasis on relationship-based service and customized lending solutions.
Bank7 offers commercial and industrial loans, commercial real estate financing, energy-related lending, residential and consumer loans, and other credit products. Its deposit and treasury management services include checking and savings accounts, certificates of deposit, online and mobile banking, cash management, and related business banking tools.
The company primarily serves customers in Oklahoma and surrounding markets, including selected communities in Texas.