Bank7 (NASDAQ:BSVN) Issues Earnings Results, Beats Estimates By $0.06 EPS

Bank7 (NASDAQ:BSVN) released its quarterly earnings data on Thursday. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.06, FiscalAI reports. The business had revenue of $23.37 million during the quarter, compared to analysts’ expectations of $23.75 million. Bank7 had a net margin of 30.36% and a return on equity of 16.48%.

Bank7 Trading Down 0.3%

NASDAQ:BSVN opened at $55.02 on Thursday. The stock’s 50-day moving average is $53.73 and its 200-day moving average is $48.53. Bank7 has a 1-year low of $38.29 and a 1-year high of $57.67. The stock has a market cap of $524.12 million, a P/E ratio of 12.59 and a beta of 0.85.

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Friday, September 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. This is an increase from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, September 18th. Bank7’s dividend payout ratio (DPR) is presently 27.46%.

Analysts Set New Price Targets

BSVN has been the topic of a number of research analyst reports. Zacks Research lowered shares of Bank7 from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Keefe, Bruyette & Woods upped their price target on shares of Bank7 from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank7 in a report on Wednesday, September 9th. Piper Sandler increased their price target on Bank7 from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada set a $62.00 price objective on Bank7 in a report on Wednesday, September 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bank7 has a consensus rating of “Moderate Buy” and an average price target of $61.67.

Insider Transactions at Bank7

In related news, VP Jason Estes sold 3,225 shares of Bank7 stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $49.51, for a total transaction of $159,669.75. Following the sale, the vice president directly owned 101,898 shares in the company, valued at $5,044,969.98. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 5,702 shares of company stock valued at $284,373. 25.71% of the stock is owned by company insiders.

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.