Connor Clark & Lunn Investment Management Ltd. grew its stake in Bank7 Corp. (NASDAQ:BSVN - Free Report) by 61.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,936 shares of the company's stock after purchasing an additional 14,765 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.42% of Bank7 worth $1,817,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in Bank7 in the 4th quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its position in Bank7 by 22.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company's stock worth $56,000 after purchasing an additional 280 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Bank7 in the 3rd quarter worth approximately $86,000. Sanctuary Advisors LLC purchased a new stake in Bank7 in the 4th quarter worth approximately $293,000. Finally, Barclays PLC raised its stake in shares of Bank7 by 158.7% during 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 during the period. Hedge funds and other institutional investors own 23.48% of the company's stock.
Bank7 Stock Up 0.8 %
Shares of BSVN stock traded up $0.30 during trading hours on Friday, hitting $39.36. 54,742 shares of the company's stock were exchanged, compared to its average volume of 20,299. The firm has a market cap of $371.87 million, a P/E ratio of 8.13 and a beta of 1.52. The firm has a 50 day moving average of $41.86 and a two-hundred day moving average of $42.64. Bank7 Corp. has a fifty-two week low of $26.07 and a fifty-two week high of $50.26.
Bank7 (NASDAQ:BSVN - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The company reported $1.16 EPS 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 forecast that Bank7 Corp. will post 4.06 earnings per share for the current fiscal year.
Bank7 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be paid a $0.24 dividend. 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 currently 19.83%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Piper Sandler upped their target price on Bank7 from $53.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th.
Get Our Latest Analysis on BSVN
Insider Activity at Bank7
In related news, insider Douglas A. Haines purchased 1,433 shares of Bank7 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 acquisition, the insider now directly owns 18,542 shares in the company, valued at approximately $740,011.22. The trade was a 8.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Henry Litchfield sold 5,000 shares of Bank7 stock in a transaction 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 transaction, the vice president now owns 13,375 shares in the company, valued at approximately $555,597.50. This 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.
Bank7 Profile
(
Free Report)
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.
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