Bank7 Corp. $BSVN Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in shares of Bank7 Corp. (NASDAQ:BSVN) by 13.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 23,641 shares of the company’s stock after acquiring an additional 2,720 shares during the period. Hsbc Holdings PLC owned about 0.25% of Bank7 worth $922,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Bank7 by 34.2% during the 4th quarter. Ameriprise Financial Inc. now owns 23,374 shares of the company’s stock valued at $1,091,000 after acquiring an additional 5,952 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Bank7 by 8,105.9% during the 1st quarter. GAMMA Investing LLC now owns 1,395 shares of the company’s stock valued at $54,000 after acquiring an additional 1,378 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Bank7 during the 4th quarter valued at $201,000. Russell Investments Group Ltd. lifted its holdings in shares of Bank7 by 30.0% in the first quarter. Russell Investments Group Ltd. now owns 25,451 shares of the company’s stock valued at $986,000 after purchasing an additional 5,870 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Bank7 by 30.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,333 shares of the company’s stock valued at $109,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Trading Up 0.4%

NASDAQ BSVN opened at $49.61 on Friday. Bank7 Corp. has a 1-year low of $32.49 and a 1-year high of $50.26. The company has a market capitalization of $468.81 million, a PE ratio of 10.69 and a beta of 1.13. The firm’s fifty day simple moving average is $45.33 and its 200-day simple moving average is $40.89.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. Bank7 had a net margin of 31.99% and a return on equity of 20.36%. The business had revenue of $24.44 million for the quarter, compared to the consensus estimate of $22.70 million. As a group, analysts predict that Bank7 Corp. will post 4.06 EPS for the current year.

Bank7 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 19th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.2%. Bank7’s dividend payout ratio is 20.69%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BSVN. Keefe, Bruyette & Woods increased their target price on Bank7 from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Piper Sandler increased their target price on Bank7 from $50.50 to $55.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bank7 currently has a consensus rating of “Buy” and a consensus target price of $53.50.

Insiders Place Their Bets

In other news, CEO Thomas L. Travis sold 13,084 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total value of $645,826.24. Following the transaction, the chief executive officer directly owned 286,293 shares of the company’s stock, valued at approximately $14,131,422.48. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jason E. Estes sold 1,879 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $47.58, for a total transaction of $89,402.82. Following the transaction, the vice president directly owned 75,961 shares in the company, valued at $3,614,224.38. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,416 shares of company stock worth $806,150 over the last ninety days. 25.81% of the stock is currently owned by company insiders.

Bank7 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.