Bank7 (NASDAQ:BSVN) Announces Earnings Results

Bank7 (NASDAQ:BSVN) issued its quarterly earnings data on Thursday. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09, FiscalAI reports. Bank7 had a net margin of 31.60% and a return on equity of 19.11%. The company had revenue of $24.10 million for the quarter, compared to the consensus estimate of $24.10 million.

Bank7 Stock Up 1.7%

Shares of BSVN opened at $43.14 on Thursday. The company has a 50 day moving average of $42.09 and a two-hundred day moving average of $44.51. Bank7 has a twelve month low of $32.49 and a twelve month high of $50.26. The company has a market cap of $407.80 million, a price-to-earnings ratio of 9.52 and a beta of 0.91.

Bank7 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 22nd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, December 22nd. Bank7’s dividend payout ratio is presently 23.84%.

Hedge Funds Weigh In On Bank7

Several hedge funds have recently made changes to their positions in BSVN. 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 valued at $84,000 after acquiring an additional 420 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Bank7 in the 3rd quarter valued at about $213,000. Alliancebernstein L.P. acquired a new position in shares of Bank7 in the 3rd quarter valued at about $223,000. AQR Capital Management LLC purchased a new stake in shares of Bank7 in the first quarter worth about $227,000. Finally, First Trust Advisors LP raised its position in Bank7 by 7.5% during the second quarter. First Trust Advisors LP now owns 6,030 shares of the company’s stock valued at $252,000 after acquiring an additional 423 shares in the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on BSVN. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank7 in a report on Thursday, October 30th. Keefe, Bruyette & Woods reduced their target price on Bank7 from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Bank7 presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Bank7 Company Profile

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.