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

Bank7 (NASDAQ:BSVN) released its quarterly earnings results on Thursday. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23, Yahoo Finance reports. Bank7 had a net margin of 21.70% and a return on equity of 17.61%. The business had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.20 million. During the same quarter in the previous year, the business earned $1.05 earnings per share.

Bank7 Stock Performance

Bank7 stock opened at $33.29 on Friday. The firm has a market cap of $307.93 million, a PE ratio of 10.31 and a beta of 1.49. The firm’s 50 day moving average price is $29.99 and its two-hundred day moving average price is $28.12. Bank7 has a twelve month low of $19.53 and a twelve month high of $33.29.

Bank7 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $0.84 annualized dividend and a yield of 2.52%. Bank7’s dividend payout ratio is presently 26.01%.

Insider Buying and Selling at Bank7

In other Bank7 news, VP Henry Litchfield sold 2,259 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.03, for a total value of $67,837.77. Following the transaction, the vice president now owns 12,302 shares in the company, valued at approximately $369,429.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Bank7 news, VP Henry Litchfield sold 2,259 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.03, for a total value of $67,837.77. Following the completion of the sale, the vice president now directly owns 12,302 shares of the company’s stock, valued at $369,429.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas L. Travis sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was 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 directly owns 288,271 shares of the company’s stock, valued at $7,783,317. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,049 shares of company stock worth $339,450. 44.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target on shares of Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a 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.