Insider Buying: Bank7 Corp. (NASDAQ:BSVN) Insider Acquires 1,433 Shares of Stock

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) insider Douglas A. Haines purchased 1,433 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the completion of the purchase, the insider now directly owns 18,542 shares of the company's stock, valued at approximately $740,011.22. This trade represents a 8.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bank7 Price Performance

Shares of BSVN stock traded up $0.19 during trading hours on Friday, reaching $40.40. 16,312 shares of the stock were exchanged, compared to its average volume of 19,767. The business's fifty day moving average is $43.00 and its two-hundred day moving average is $42.68. Bank7 Corp. has a 12-month low of $26.07 and a 12-month high of $50.26. The firm has a market capitalization of $377.46 million, a P/E ratio of 8.35 and a beta of 1.52.

Bank7 (NASDAQ:BSVN - Get Free Report) last released its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Bank7 Corp. will post 4.06 earnings per share for the current fiscal year.

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Bank7 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a $0.24 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.96 annualized dividend and a yield of 2.38%. Bank7's dividend payout ratio is currently 19.83%.

Wall Street Analysts Forecast Growth

BSVN has been the topic of a number of recent research reports. Piper Sandler boosted their price target on shares of Bank7 from $53.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their price objective on Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a research report on Friday, January 17th.

Hedge Funds Weigh In On Bank7

Several hedge funds have recently added to or reduced their stakes in BSVN. R Squared Ltd purchased a new position in Bank7 in the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets grew its position in shares of Bank7 by 22.9% during the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company's stock worth $56,000 after acquiring an additional 280 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Bank7 during the third quarter worth approximately $86,000. Virtus Investment Advisers Inc. purchased a new position in shares of Bank7 during the fourth quarter worth approximately $98,000. Finally, Wells Fargo & Company MN grew its position in shares of Bank7 by 30.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,333 shares of the company's stock worth $109,000 after acquiring an additional 540 shares during the last quarter. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

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.