Bank7 Corp. (NASDAQ:BSVN - Get Free Report) insider Douglas A. Haines bought 1,433 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $39.91 per share, for a total transaction of $57,191.03. Following the transaction, the insider now directly owns 18,542 shares in the company, valued at approximately $740,011.22. This represents a 8.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Bank7 Stock Up 0.5 %
NASDAQ:BSVN opened at $40.21 on Friday. The stock's 50 day moving average price is $43.25 and its 200 day moving average price is $42.65. Bank7 Corp. has a 52-week low of $26.07 and a 52-week high of $50.26. The company has a market capitalization of $375.68 million, a PE ratio of 8.31 and a beta of 1.52.
Bank7 (NASDAQ:BSVN - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. As a group, sell-side analysts anticipate that Bank7 Corp. will post 4.06 EPS for the current fiscal year.
Bank7 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 20th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.39%. Bank7's dividend payout ratio is currently 19.83%.
Institutional Investors Weigh In On Bank7
A number of hedge funds and other institutional investors have recently made changes to their positions in BSVN. Los Angeles Capital Management LLC purchased a new stake in shares of Bank7 in the third quarter valued at $700,000. Empowered Funds LLC grew its position in Bank7 by 5.2% during the third quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock valued at $1,228,000 after acquiring an additional 1,608 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Bank7 during the third quarter valued at about $1,378,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Bank7 by 44.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,171 shares of the company's stock valued at $906,000 after acquiring an additional 7,414 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Bank7 by 22.9% during the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company's stock valued at $56,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 23.48% of the company's stock.
Wall Street Analyst Weigh In
BSVN has been the topic of several research analyst reports. Piper Sandler raised their target price on Bank7 from $53.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods dropped their price target on Bank7 from $53.00 to $52.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th.
Get Our Latest Stock Analysis on Bank7
About Bank7
(
Get Free Report)
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.
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