Bank7 (NASDAQ:BSVN) Sees Large Volume Increase – What’s Next?

Shares of Bank7 Corp. (NASDAQ:BSVN) saw unusually-strong trading volume on Monday . Approximately 27,301 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 18,687 shares.The stock last traded at $53.34 and had previously closed at $51.83.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Piper Sandler raised their price target on Bank7 from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Keefe, Bruyette & Woods lifted their price objective on Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Bank7 currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

Bank7 Price Performance

The stock has a market cap of $494.80 million, a price-to-earnings ratio of 11.88 and a beta of 0.90. The firm has a 50 day simple moving average of $50.00 and a two-hundred day simple moving average of $45.27.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.16). Bank7 had a net margin of 30.36% and a return on equity of 16.48%. The company had revenue of $22.91 million during the quarter, compared to the consensus estimate of $23.86 million. On average, sell-side analysts expect that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Friday, September 18th will be issued a $0.30 dividend. This is a positive change from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. Bank7’s dividend payout ratio (DPR) is presently 24.71%.

Insider Buying and Selling at Bank7

In other news, insider Douglas A. Haines sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the sale, the insider owned 16,647 shares of the company’s stock, valued at $733,633.29. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jason E. Estes sold 2,077 shares of Bank7 stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total value of $104,203.09. Following the transaction, the vice president owned 103,840 shares in the company, valued at $5,209,652.80. This trade represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,702 shares of company stock worth $328,443 in the last ninety days. 25.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in Bank7 by 1,177.0% in the 2nd quarter. California State Teachers Retirement System now owns 2,937 shares of the company’s stock valued at $144,000 after buying an additional 2,707 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Bank7 by 6.1% during the 2nd quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $1,534,000 after acquiring an additional 1,810 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Bank7 in the second quarter valued at approximately $909,000. The Manufacturers Life Insurance Company bought a new stake in shares of Bank7 in the second quarter worth $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bank7 during the second quarter worth $2,186,000. 23.48% of the stock is owned by institutional investors and hedge funds.

About Bank7

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.