Insider Selling: Bank7 (NASDAQ:BSVN) VP Sells 400 Shares

Bank7 Corp. (NASDAQ:BSVN) VP Jason Estes sold 400 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $51.25, for a total value of $20,500.00. Following the transaction, the vice president directly owned 105,917 shares of the company’s stock, valued at $5,428,246.25. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bank7 Stock Up 1.4%

Shares of NASDAQ BSVN traded up $0.70 during midday trading on Tuesday, hitting $51.01. The stock had a trading volume of 47,106 shares, compared to its average volume of 16,595. The company has a market capitalization of $485.62 million, a PE ratio of 11.67 and a beta of 0.90. The stock has a 50 day simple moving average of $47.89 and a 200-day simple moving average of $44.46. Bank7 Corp. has a 1 year low of $38.29 and a 1 year high of $52.99.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results 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 return on equity of 16.74% and a net margin of 30.36%.The firm had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. As a group, analysts expect that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BSVN shares. Weiss Ratings raised shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Zacks Research lowered shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods upped their price objective on shares of Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Piper Sandler increased their price objective on shares of Bank7 from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bank7 presently has an average rating of “Moderate Buy” and an average target price of $58.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BSVN. Renaissance Technologies LLC purchased a new stake in Bank7 during the 1st quarter worth approximately $475,000. Sei Investments Co. lifted its holdings in Bank7 by 91.2% during the 1st quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after buying an additional 19,641 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Bank7 by 60.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after buying an additional 604 shares during the period. Dimensional Fund Advisors LP boosted its position in Bank7 by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock valued at $5,390,000 after buying an additional 5,303 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of Bank7 by 7.0% in the first quarter. Hsbc Holdings PLC now owns 29,831 shares of the company’s stock worth $1,186,000 after acquiring an additional 1,942 shares in the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

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.