Bank7 (NASDAQ:BSVN) Posts Earnings Results, Beats Estimates By $0.23 EPS

Bank7 (NASDAQ:BSVN) released its quarterly earnings results on Thursday. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23, Yahoo Finance reports. Bank7 had a net margin of 22.22% and a return on equity of 18.36%. The company had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.20 million. During the same period last year, the firm earned $1.05 earnings per share.

Bank7 Stock Performance

NASDAQ BSVN opened at $34.92 on Friday. Bank7 has a 52-week low of $19.53 and a 52-week high of $35.41. The company has a 50-day simple moving average of $30.11 and a 200 day simple moving average of $28.17. The company has a market capitalization of $323.01 million, a PE ratio of 10.24 and a beta of 1.49.

Bank7 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Thursday, June 20th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.41%. Bank7’s dividend payout ratio (DPR) is presently 24.63%.

Insider Buying and Selling

In related news, CEO Thomas L. Travis sold 7,500 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $27.00, for a total transaction of $202,500.00. Following the completion of the sale, the chief executive officer now owns 288,271 shares in the company, valued at $7,783,317. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Thomas L. Travis sold 7,500 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $27.00, for a total transaction of $202,500.00. Following the completion of the sale, the chief executive officer now owns 288,271 shares in the company, valued at $7,783,317. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Henry Litchfield sold 2,259 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $30.03, for a total transaction of $67,837.77. Following the sale, the vice president now owns 12,302 shares of the company’s stock, valued at approximately $369,429.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,049 shares of company stock worth $339,450. Insiders own 44.01% of the company’s stock.

Analyst Upgrades and Downgrades

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 research report on Friday.

About Bank7

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.