Bank of New York Mellon Corp Lowers Stake in Bank7 Corp. (NASDAQ:BSVN)

Bank of New York Mellon Corp lessened its stake in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) by 23.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,691 shares of the company's stock after selling 8,489 shares during the quarter. Bank of New York Mellon Corp owned about 0.30% of Bank7 worth $1,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. R Squared Ltd purchased a new position in Bank7 during the fourth quarter worth about $30,000. BNP Paribas Financial Markets raised its stake in Bank7 by 22.9% in the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company's stock valued at $56,000 after purchasing an additional 280 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Bank7 during the third quarter valued at approximately $86,000. Sanctuary Advisors LLC purchased a new position in Bank7 in the 4th quarter worth approximately $293,000. Finally, Barclays PLC grew its stake in Bank7 by 158.7% in the 3rd quarter. Barclays PLC now owns 12,953 shares of the company's stock worth $486,000 after buying an additional 7,947 shares in the last quarter. 23.48% of the stock is currently owned by institutional investors.

Bank7 Trading Down 0.6 %

Shares of BSVN stock traded down $0.25 during trading hours on Thursday, hitting $39.34. 24,303 shares of the company's stock were exchanged, compared to its average volume of 20,776. The company has a market capitalization of $371.68 million, a PE ratio of 8.13 and a beta of 1.52. Bank7 Corp. has a 12-month low of $26.07 and a 12-month high of $50.26. The business's 50 day simple moving average is $41.56 and its 200-day simple moving average is $42.70.

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Bank7 (NASDAQ:BSVN - Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. Equities analysts anticipate that Bank7 Corp. will post 4.06 EPS for the current year.

Bank7 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, March 20th. Bank7's dividend payout ratio is presently 19.83%.

Insider Buying and Selling

In other Bank7 news, insider Douglas A. Haines purchased 1,433 shares of Bank7 stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the acquisition, the insider now directly owns 18,542 shares in the company, valued at approximately $740,011.22. This trade represents a 8.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Henry Litchfield sold 5,000 shares of the 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 approximately $555,597.50. This trade represents a 27.21 % decrease in their position. The disclosure for this sale can be found here. 44.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Piper Sandler raised their price target on Bank7 from $53.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, January 17th.

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.