Axxcess Wealth Management LLC Makes New Investment in Bank7 Corp. (NASDAQ:BSVN)

Axxcess Wealth Management LLC bought a new stake in Bank7 Corp. (NASDAQ:BSVN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,153 shares of the company's stock, valued at approximately $1,080,000. Axxcess Wealth Management LLC owned about 0.25% of Bank7 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BSVN. R Squared Ltd acquired a new stake in shares of Bank7 in the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets raised its position in Bank7 by 22.9% in the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company's stock worth $56,000 after acquiring an additional 280 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Bank7 in the third quarter valued at about $86,000. Sanctuary Advisors LLC purchased a new stake in shares of Bank7 during the 4th quarter worth approximately $293,000. Finally, Barclays PLC increased its position in shares of Bank7 by 158.7% in the third quarter. Barclays PLC now owns 12,953 shares of the company's stock valued at $486,000 after buying an additional 7,947 shares in the last quarter. 23.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank7

In related news, insider Douglas A. Haines acquired 1,433 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the completion of the purchase, the insider now owns 18,542 shares in the company, valued at approximately $740,011.22. The trade was a 8.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Henry Litchfield sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president now owns 13,375 shares of the company's stock, valued at $555,597.50. This represents a 27.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 44.01% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BSVN. Piper Sandler lifted their price target on shares of Bank7 from $53.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Keefe, Bruyette & Woods decreased their target price on Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a report on Friday, January 17th.

Bank7 Trading Down 3.3 %

Bank7 stock traded down $1.35 during midday trading on Tuesday, hitting $38.97. The stock had a trading volume of 45,438 shares, compared to its average volume of 21,340. Bank7 Corp. has a 12 month low of $26.07 and a 12 month high of $50.26. The business has a fifty day moving average price of $41.81 and a 200 day moving average price of $42.71. The stock has a market cap of $368.19 million, a P/E ratio of 8.05 and a beta of 1.52.

Bank7 (NASDAQ:BSVN - Get Free Report) last announced its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. On average, equities analysts anticipate that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.46%. Bank7's dividend payout ratio is currently 19.83%.

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.