Bank7 (NASDAQ:BSVN) Issues Earnings Results, Beats Estimates By $0.17 EPS

Bank7 (NASDAQ:BSVN) issued its quarterly earnings data on Friday. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.17, reports. The firm had revenue of $24.89 million for the quarter, compared to analyst estimates of $24.00 million. Bank7 had a net margin of 22.22% and a return on equity of 17.89%.

Bank7 Stock Up 6.7 %

Shares of BSVN stock opened at $40.01 on Friday. Bank7 has a 12 month low of $19.53 and a 12 month high of $42.40. The company has a market cap of $373.69 million, a PE ratio of 11.73 and a beta of 1.47. The business’s 50 day moving average is $38.37 and its two-hundred day moving average is $33.45.

Bank7 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Thursday, September 26th were issued a $0.24 dividend. This is a positive change from Bank7’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, September 26th. Bank7’s payout ratio is 28.15%.

Insider Transactions at Bank7

In related news, VP Jason E. Estes sold 2,952 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.00, for a total value of $106,272.00. Following the transaction, the vice president now directly owns 72,818 shares in the company, valued at approximately $2,621,448. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, COO John T. Phillips sold 11,943 shares of Bank7 stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.53, for a total value of $436,277.79. Following the transaction, the chief operating officer now directly owns 17,803 shares in the company, valued at approximately $650,343.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jason E. Estes sold 2,952 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.00, for a total value of $106,272.00. Following the transaction, the vice president now directly owns 72,818 shares of the company’s stock, valued at $2,621,448. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,552 shares of company stock worth $1,153,684. 44.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in Bank7 by 39.6% during the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock worth $62,000 after acquiring an additional 627 shares during the period. Denali Advisors LLC raised its position in shares of Bank7 by 60.3% during the first quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock valued at $262,000 after buying an additional 3,500 shares during the last quarter. Quadrature Capital Ltd lifted its stake in shares of Bank7 by 33.8% in the first quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock valued at $363,000 after buying an additional 3,254 shares during the period. Russell Investments Group Ltd. grew its position in Bank7 by 12.5% during the first quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock worth $548,000 after buying an additional 2,156 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Bank7 by 4.9% during the second quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock valued at $680,000 after acquiring an additional 1,025 shares during the period. 23.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler raised their price target on shares of Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, July 12th.

Bank7 Company Profile

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.