Kennedy Capital Management LLC Increases Stock Position in Bank7 Corp. (NASDAQ:BSVN)

Kennedy Capital Management LLC grew its stake in Bank7 Corp. (NASDAQ:BSVN) by 22.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 113,841 shares of the company’s stock after acquiring an additional 20,881 shares during the period. Kennedy Capital Management LLC owned about 1.23% of Bank7 worth $3,210,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in Bank7 by 39.6% in the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock valued at $62,000 after purchasing an additional 627 shares during the period. AJOVista LLC purchased a new position in Bank7 during the 4th quarter valued at about $65,000. Denali Advisors LLC grew its position in Bank7 by 60.3% in the 1st quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock valued at $262,000 after acquiring an additional 3,500 shares in the last quarter. Quadrature Capital Ltd grew its position in Bank7 by 33.8% in the 1st quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock valued at $363,000 after acquiring an additional 3,254 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Bank7 by 15.3% during the fourth quarter. Russell Investments Group Ltd. now owns 17,272 shares of the company’s stock worth $472,000 after purchasing an additional 2,289 shares in the last quarter. 23.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on shares of Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, July 12th.

Bank7 Stock Performance

NASDAQ BSVN traded down $0.72 on Wednesday, reaching $41.00. The stock had a trading volume of 15,643 shares, compared to its average volume of 15,700. The business’s 50-day moving average price is $32.32 and its 200 day moving average price is $29.23. The stock has a market cap of $379.25 million, a P/E ratio of 12.23 and a beta of 1.49. Bank7 Corp. has a 12-month low of $19.53 and a 12-month high of $42.40.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings data on Thursday, July 11th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.23. Bank7 had a net margin of 22.22% and a return on equity of 18.36%. The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.20 million. During the same period last year, the firm posted $1.05 EPS. On average, sell-side analysts predict that Bank7 Corp. will post 4.33 earnings per share for the current year.

Bank7 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, September 26th. This is a boost from Bank7’s previous quarterly dividend of $0.21. Bank7’s payout ratio is 24.63%.

Insider Buying and Selling at Bank7

In other Bank7 news, COO John T. Phillips sold 11,943 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.53, for a total value of $436,277.79. Following the transaction, the chief operating officer now directly owns 17,803 shares of the company’s stock, valued at approximately $650,343.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO John T. Phillips sold 11,943 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.53, for a total value of $436,277.79. Following the completion of the sale, the chief operating officer now owns 17,803 shares in the company, valued at approximately $650,343.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Henry Litchfield sold 2,259 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $30.03, for a total transaction of $67,837.77. Following the transaction, the vice president now owns 12,302 shares in the company, valued at $369,429.06. The disclosure for this sale can be found here. Insiders sold a total of 36,101 shares of company stock valued at $1,290,634 in the last ninety days. Insiders own 44.01% of the company’s stock.

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.