Bank7 (NASDAQ:BSVN) Announces Earnings Results, Beats Expectations By $0.11 EPS

Bank7 (NASDAQ:BSVN - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.11, Zacks reports. The business had revenue of $22.60 million for the quarter, compared to analysts' expectations of $22.58 million. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. During the same quarter in the prior year, the company earned $1.21 earnings per share.

Bank7 Stock Up 1.4 %

NASDAQ:BSVN traded up $0.49 during trading hours on Tuesday, reaching $36.01. 12,387 shares of the company's stock were exchanged, compared to its average volume of 22,962. Bank7 has a 1-year low of $26.07 and a 1-year high of $50.26. The firm has a market capitalization of $340.22 million, a price-to-earnings ratio of 7.44 and a beta of 1.15. The company has a 50-day moving average of $39.65 and a 200 day moving average of $42.51.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 20th were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.67%. Bank7's dividend payout ratio (DPR) is presently 20.38%.

Insider Activity at Bank7

In other Bank7 news, insider Douglas A. Haines bought 1,433 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the transaction, the insider now owns 18,542 shares of the company's stock, valued at approximately $740,011.22. This trade represents a 8.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Henry Litchfield sold 5,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total value of $207,700.00. Following the transaction, the vice president now directly owns 13,375 shares in the company, valued at $555,597.50. This represents a 27.21 % decrease in their position. The disclosure for this sale can be found here. 44.01% of the stock is currently owned by insiders.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BSVN. Piper Sandler lifted their target price on Bank7 from $53.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Keefe, Bruyette & Woods decreased their price objective on Bank7 from $50.00 to $47.00 and set an "outperform" rating for the company in a research note 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.