Bank7 (NASDAQ:BSVN) Sets New 52-Week High – Should You Buy?

Shares of Bank7 Corp. (NASDAQ:BSVN) reached a new 52-week high on Thursday. The company traded as high as $59.96 and last traded at $59.5490, with a volume of 1,257 shares trading hands. The stock had previously closed at $59.03.

Analysts Set New Price Targets

Several research firms recently issued reports on BSVN. Piper Sandler increased their target price on shares of Bank7 from $61.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Keefe, Bruyette & Woods lifted their price target on shares of Bank7 from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank7 in a report on Wednesday, September 9th. Royal Bank Of Canada set a $62.00 price target on shares of Bank7 in a research report on Wednesday, September 23rd. Finally, UBS Group reissued a “buy” rating on shares of Bank7 in a research note on Friday, October 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.33.

Bank7 Stock Down 1.1%

The business has a 50 day moving average price of $55.21 and a two-hundred day moving average price of $47.58. The stock has a market cap of $558.74 million, a P/E ratio of 13.63 and a beta of 0.85.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Thursday, October 15th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.75 million. On average, research analysts forecast that Bank7 Corp. will post 3.87 earnings per share for the current year.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Friday, September 18th were issued a dividend of $0.30 per share. This is an increase from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. Bank7’s payout ratio is 27.91%.

Insider Activity at Bank7

In related news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $57.61, for a total transaction of $100,817.50. Following the completion of the transaction, the executive vice president owned 9,997 shares in the company, valued at approximately $575,927.17. This represents a 14.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jason E. Estes sold 2,077 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total transaction of $104,203.09. Following the transaction, the vice president directly owned 103,840 shares of the company’s stock, valued at $5,209,652.80. The trade was a 1.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,227 shares of company stock worth $225,521. Company insiders own 25.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BSVN. BlackRock Inc. purchased a new position in shares of Bank7 during the second quarter valued at about $28,930,000. The Manufacturers Life Insurance Company bought a new stake in shares of Bank7 in the second quarter worth about $13,441,000. Dimensional Fund Advisors LP increased its holdings in shares of 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bank7 in the second quarter worth about $2,186,000. Finally, Sei Investments Co. lifted its position in shares of Bank7 by 91.2% in the first 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. Institutional investors own 23.48% of the company’s stock.

About Bank7

Bank7 is a community bank headquartered in Oklahoma City, Oklahoma, and the principal subsidiary of Bank7 Corporation (NASDAQ: BSVN). Founded in 2004, the bank serves businesses, professionals and individual customers through banking locations in Oklahoma and Texas.

The bank provides a range of commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate lending, construction loans, commercial and industrial loans, residential real estate loans and consumer financing.