Denali Advisors LLC Trims Stock Position in Bank7 Corp. (NASDAQ:BSVN)

Denali Advisors LLC lessened its position in shares of Bank7 Corp. (NASDAQ:BSVNFree Report) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,800 shares of the company’s stock after selling 1,500 shares during the quarter. Denali Advisors LLC owned about 0.06% of Bank7 worth $159,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Bank7 by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 217,563 shares of the company’s stock valued at $4,897,000 after buying an additional 7,784 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Bank7 in the 3rd quarter valued at approximately $252,000. EJF Capital LLC acquired a new stake in Bank7 in the 3rd quarter valued at approximately $225,000. Quadrature Capital Ltd acquired a new stake in Bank7 in the 3rd quarter valued at approximately $275,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bank7 in the 3rd quarter valued at approximately $274,000. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Bank7 Stock Up 1.4 %

NASDAQ:BSVN opened at $28.20 on Monday. The company has a fifty day simple moving average of $27.33 and a two-hundred day simple moving average of $25.22. The company has a market cap of $260.57 million, a price-to-earnings ratio of 9.22 and a beta of 1.45. Bank7 Corp. has a 52 week low of $19.53 and a 52 week high of $28.99.

Bank7 (NASDAQ:BSVNGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.20. The business had revenue of $39.17 million during the quarter, compared to the consensus estimate of $21.10 million. Bank7 had a net margin of 21.62% and a return on equity of 17.29%. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, analysts expect that Bank7 Corp. will post 4 EPS for the current year.

Bank7 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a $0.21 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $0.84 annualized dividend and a dividend yield of 2.98%. Bank7’s dividend payout ratio (DPR) is 27.45%.

Wall Street Analyst Weigh In

BSVN has been the subject of several research reports. Stephens reiterated an “equal weight” rating and issued a $31.00 target price on shares of Bank7 in a report on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their target price on shares of Bank7 from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th.

Check Out Our Latest Stock Report on BSVN

Insider Buying and Selling

In related news, CEO Thomas L. Travis sold 20,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.11, for a total transaction of $542,200.00. Following the completion of the transaction, the chief executive officer now owns 295,771 shares in the company, valued at $8,018,351.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 44.01% of the company’s stock.

Bank7 Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bank7 (NASDAQ:BSVN)

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