Bank7 (NASDAQ:BSVN) Trading Down 4% – Time to Sell?

Bank7 Corp. (NASDAQ:BSVN) was down 4% during mid-day trading on Wednesday . The stock traded as low as $49.59 and last traded at $49.67. Approximately 31,990 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 21,056 shares. The stock had previously closed at $51.75.

Analyst Ratings Changes

Several analysts have issued reports on the company. Piper Sandler boosted their price objective on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Keefe, Bruyette & Woods reduced their target price on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Zacks Research lowered Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Bank7 Stock Performance

The firm has a market cap of $472.86 million, a P/E ratio of 10.66 and a beta of 0.91. The company has a 50 day moving average of $45.33 and a 200 day moving average of $43.40.

Bank7 (NASDAQ:BSVN) last posted its earnings results on Tuesday, April 14th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.24. The firm had revenue of $26.16 million during the quarter, compared to analysts’ expectations of $23.63 million. Bank7 had a net margin of 31.77% and a return on equity of 18.18%. As a group, analysts expect that Bank7 Corp. will post 4.45 EPS for the current fiscal year.

Bank7 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Friday, June 19th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 18th. Bank7’s dividend payout ratio is 23.18%.

Insider Activity at Bank7

In related news, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total value of $44,070.00. Following the completion of the sale, the insider directly owned 16,647 shares in the company, valued at approximately $733,633.29. The trade was a 5.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of Bank7 stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. Following the completion of the transaction, the executive vice president directly owned 6,497 shares in the company, valued at approximately $279,371. This represents a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 25.71% of the stock is currently owned by insiders.

Institutional Trading of Bank7

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in shares of Bank7 in the first quarter valued at approximately $475,000. Sei Investments Co. lifted its stake in shares of Bank7 by 91.2% in the first quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock valued at $1,642,000 after buying an additional 19,641 shares during the period. PNC Financial Services Group Inc. increased its stake in Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after acquiring an additional 604 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 5,303 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Bank7 by 7.0% during the 1st quarter. Hsbc Holdings PLC now owns 29,831 shares of the company’s stock worth $1,186,000 after purchasing an additional 1,942 shares in the last quarter. Institutional investors and hedge funds 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.