Los Angeles Capital Management LLC Cuts Stake in Bank7 Corp. $BSVN

Los Angeles Capital Management LLC lessened its stake in shares of Bank7 Corp. (NASDAQ:BSVN) by 16.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,705 shares of the company’s stock after selling 5,025 shares during the period. Los Angeles Capital Management LLC owned about 0.27% of Bank7 worth $1,075,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BSVN. Hsbc Holdings PLC grew its position in shares of Bank7 by 13.0% during the 1st quarter. Hsbc Holdings PLC now owns 23,641 shares of the company’s stock valued at $922,000 after acquiring an additional 2,720 shares during the period. Goldman Sachs Group Inc. lifted its stake in Bank7 by 11.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,145 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Bank7 by 30.0% in the first quarter. Russell Investments Group Ltd. now owns 25,451 shares of the company’s stock valued at $986,000 after purchasing an additional 5,870 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bank7 by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,304 shares of the company’s stock valued at $477,000 after purchasing an additional 750 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Bank7 by 15.0% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,785 shares of the company’s stock worth $1,735,000 after buying an additional 5,849 shares during the last quarter. Institutional investors own 23.48% of the company’s stock.

Bank7 Stock Down 0.3%

Shares of NASDAQ BSVN opened at $41.44 on Thursday. The company has a market cap of $391.61 million, a P/E ratio of 9.15 and a beta of 1.11. Bank7 Corp. has a 52 week low of $32.49 and a 52 week high of $50.26. The business has a 50-day simple moving average of $45.13 and a two-hundred day simple moving average of $43.37.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings results on Wednesday, October 15th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.10. Bank7 had a return on equity of 19.11% and a net margin of 31.60%.The firm had revenue of $25.24 million for the quarter, compared to analysts’ expectations of $24.35 million. During the same period in the prior year, the business posted $1.24 earnings per share. Equities research analysts anticipate that Bank7 Corp. will post 4.06 EPS for the current year.

Bank7 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Friday, September 19th were paid a $0.27 dividend. The ex-dividend date was Friday, September 19th. This represents a $1.08 annualized dividend and a yield of 2.6%. Bank7’s dividend payout ratio is currently 23.84%.

Insider Buying and Selling

In other Bank7 news, CEO Thomas L. Travis sold 13,084 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total value of $645,826.24. Following the completion of the transaction, the chief executive officer directly owned 286,293 shares of the company’s stock, valued at $14,131,422.48. This trade represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on BSVN. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank7 in a research report on Thursday, October 30th. Keefe, Bruyette & Woods lowered their price objective on Bank7 from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, October 16th. Piper Sandler upped their price objective on shares of Bank7 from $50.50 to $55.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, Zacks Research downgraded shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank7 presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

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.