Bank7 (NASDAQ:BSVN) Insider Douglas Haines Sells 1,000 Shares of Stock
by Teresa Graham · The Cerbat GemBank7 Corp. (NASDAQ:BSVN – Get Free Report) insider Douglas Haines sold 1,000 shares of Bank7 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 sale, the insider directly owned 16,647 shares in the company, valued at $733,633.29. The trade was a 5.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Bank7 Trading Down 0.3%
Shares of NASDAQ:BSVN opened at $44.26 on Friday. Bank7 Corp. has a 1-year low of $36.91 and a 1-year high of $50.10. The firm has a market capitalization of $421.31 million, a PE ratio of 9.50 and a beta of 0.93. The business’s 50 day moving average is $42.44 and its 200-day moving average is $42.48.
Bank7 (NASDAQ:BSVN – Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.24. Bank7 had a return on equity of 18.18% and a net margin of 31.77%.The company had revenue of $26.16 million for the quarter, compared to analyst estimates of $23.63 million. On average, sell-side analysts predict that Bank7 Corp. will post 4.45 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on BSVN shares. Piper Sandler lifted their price objective on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. 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 research note on Wednesday, April 15th. Weiss Ratings downgraded Bank7 from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Finally, Zacks Research upgraded Bank7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $54.50.
Check Out Our Latest Analysis on BSVN
Hedge Funds Weigh In On Bank7
Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in shares of Bank7 by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after acquiring an additional 294 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Bank7 by 60.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock worth $64,000 after buying an additional 604 shares during the period. BNP Paribas Financial Markets lifted its holdings in Bank7 by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after buying an additional 420 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Bank7 by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after purchasing an additional 1,540 shares during the period. Finally, Zacks Investment Management acquired a new position in shares of Bank7 in the 4th quarter valued at about $202,000. Institutional investors 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.