Insider Buying: Bank7 Corp. (NASDAQ:BSVN) Insider Purchases $57,191.03 in Stock

Bank7 Corp. (NASDAQ:BSVN) insider Douglas A. Haines acquired 1,433 shares of Bank7 stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $39.91 per share, with a total value of $57,191.03. Following the transaction, the insider now owns 18,542 shares of the company’s stock, valued at $740,011.22. This trade represents a 8.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bank7 Trading Up 0.5 %

BSVN stock opened at $40.40 on Friday. The firm has a 50 day moving average of $43.00 and a 200-day moving average of $42.68. Bank7 Corp. has a 12-month low of $26.07 and a 12-month high of $50.26. The company has a market cap of $377.46 million, a price-to-earnings ratio of 8.35 and a beta of 1.52.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. Sell-side analysts forecast that Bank7 Corp. will post 4.06 earnings per share for the current fiscal year.

Bank7 Announces Dividend

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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.38%. Bank7’s dividend payout ratio (DPR) is 19.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Mink Brook Asset Management LLC purchased a new position in shares of Bank7 during the 4th quarter worth approximately $19,864,000. Twin Lions Management LLC purchased a new position in shares of Bank7 during the 4th quarter worth approximately $13,962,000. Dimensional Fund Advisors LP increased its stake in shares of Bank7 by 15.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 98,288 shares of the company’s stock worth $4,586,000 after purchasing an additional 12,976 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Bank7 by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock worth $3,610,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Bank7 during the 4th quarter worth approximately $4,291,000. 23.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods reduced their price target on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, January 17th.

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.