Bank7 (NASDAQ:BSVN) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Bank7 (NASDAQ:BSVN) issued its quarterly earnings data on Thursday. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.11, Zacks reports. The business had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $22.58 million. Bank7 had a return on equity of 23.83% and a net margin of 32.00%.

Bank7 Stock Down 2.5 %

NASDAQ:BSVN traded down $0.94 on Thursday, reaching $36.22. The company’s stock had a trading volume of 1,394 shares, compared to its average volume of 22,717. The firm has a market cap of $342.21 million, a price-to-earnings ratio of 7.48 and a beta of 1.15. The stock has a 50 day moving average price of $40.09 and a 200 day moving average price of $42.55. Bank7 has a 12-month low of $26.07 and a 12-month high of $50.26.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 20th. Bank7’s payout ratio is presently 19.83%.

Analysts Set New Price Targets

A number of research firms have weighed in on BSVN. Piper Sandler upped their target price on Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods decreased their price objective on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 17th.

Insider Activity at Bank7

In other Bank7 news, VP Henry Litchfield sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total transaction of $207,700.00. Following the completion of the sale, the vice president now owns 13,375 shares in the company, valued at $555,597.50. This trade represents a 27.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas A. Haines bought 1,433 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the completion of the transaction, the insider now owns 18,542 shares in the company, valued at $740,011.22. This trade represents a 8.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 41.92% of the stock is owned by insiders.

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.