Goldman Sachs Group Inc. Increases Stock Position in Bank7 Corp. $BSVN

Goldman Sachs Group Inc. raised its holdings in shares of Bank7 Corp. (NASDAQ:BSVN) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,056 shares of the company’s stock after acquiring an additional 3,145 shares during the period. Goldman Sachs Group Inc. owned about 0.32% of Bank7 worth $1,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BSVN. PNC Financial Services Group Inc. grew its holdings in shares of Bank7 by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Bank7 by 8,105.9% in the 1st quarter. GAMMA Investing LLC now owns 1,395 shares of the company’s stock worth $54,000 after purchasing an additional 1,378 shares during the last quarter. BNP Paribas Financial Markets raised its position in Bank7 by 17.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,773 shares of the company’s stock worth $83,000 after buying an additional 269 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Bank7 in the 4th quarter worth about $201,000. Finally, AQR Capital Management LLC bought a new stake in shares of Bank7 during the 1st quarter valued at about $227,000. 23.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Thomas L. Travis sold 13,084 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $49.36, for a total value of $645,826.24. Following the transaction, the chief executive officer owned 286,293 shares in the company, valued at approximately $14,131,422.48. This represents a 4.37% decrease in their position. 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 firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $47.58, for a total value of $89,402.82. Following the transaction, the vice president owned 75,961 shares in the company, valued at $3,614,224.38. This represents a 2.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,416 shares of company stock worth $806,150. 41.92% of the stock is owned by company insiders.

Bank7 Stock Down 3.4%

Shares of NASDAQ:BSVN opened at $47.20 on Monday. The business has a fifty day moving average of $47.04 and a two-hundred day moving average of $41.64. The stock has a market cap of $446.04 million, a P/E ratio of 10.17 and a beta of 1.17. Bank7 Corp. has a 52-week low of $32.49 and a 52-week high of $50.26.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Thursday, July 17th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $24.44 million during the quarter, compared to analysts’ expectations of $22.70 million. Bank7 had a return on equity of 20.36% and a net margin of 31.99%. On average, equities analysts anticipate that Bank7 Corp. will post 4.06 earnings per share for the current year.

Bank7 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 19th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.08 annualized dividend and a yield of 2.3%. Bank7’s dividend payout ratio is presently 23.28%.

Analyst Ratings Changes

A number of research analysts recently issued reports on BSVN shares. Piper Sandler boosted their price objective on Bank7 from $50.50 to $55.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods raised their price target on Bank7 from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.50.

Bank7 Company 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.