Globeflex Capital L P Buys Shares of 6,149 Bank7 Corp. (NASDAQ:BSVN)

Posted by Jeanne O'Marion on May 26th, 2023

Globeflex Capital L P bought a new stake in shares of Bank7 Corp. (NASDAQ:BSVN – Get Rating) during the 4th quarter, HoldingsChannel reports. The firm bought 6,149 shares of the company’s stock, valued at approximately $157,000.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. purchased a new stake in Bank7 during the 4th quarter valued at $122,000. Argent Trust Co purchased a new stake in Bank7 during the 4th quarter valued at $220,000. UBS Group AG boosted its stake in Bank7 by 11.0% during the 4th quarter. UBS Group AG now owns 9,597 shares of the company’s stock valued at $246,000 after purchasing an additional 951 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Bank7 by 16.1% during the 3rd quarter. Renaissance Technologies LLC now owns 11,380 shares of the company’s stock valued at $252,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bank7 by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,445 shares of the company’s stock valued at $318,000 after buying an additional 4,492 shares during the period. 27.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their price target on Bank7 from $36.00 to $31.00 in a report on Monday, May 1st.

Insider Transactions at Bank7

In other news, CEO Thomas L. Travis sold 1,408 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $23.00, for a total value of $32,384.00. Following the transaction, the chief executive officer now owns 336,797 shares of the company’s stock, valued at $7,746,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Thomas L. Travis sold 1,408 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $23.00, for a total value of $32,384.00. Following the transaction, the chief executive officer now owns 336,797 shares of the company’s stock, valued at $7,746,331. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas L. Travis sold 2,021 shares of Bank7 stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $23.12, for a total value of $46,725.52. Following the sale, the chief executive officer now directly owns 338,556 shares in the company, valued at approximately $7,827,414.72. The disclosure for this sale can be found here. Insiders have sold 7,649 shares of company stock valued at $176,170 over the last quarter. 44.01% of the stock is currently owned by company insiders.

Bank7 Stock Performance

Shares of NASDAQ BSVN traded up $0.02 during midday trading on Friday, hitting $23.07. 560 shares of the stock traded hands, compared to its average volume of 15,644. The firm has a 50-day moving average of $23.70 and a two-hundred day moving average of $26.03. The firm has a market capitalization of $211.09 million, a P/E ratio of 6.43 and a beta of 1.56. Bank7 Corp. has a one year low of $21.08 and a one year high of $30.86.

Bank7 (NASDAQ:BSVN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $20.68 million for the quarter, compared to analysts’ expectations of $20.70 million. Bank7 had a return on equity of 23.38% and a net margin of 35.11%. Equities analysts forecast that Bank7 Corp. will post 3.76 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 7th. Stockholders of record on Wednesday, March 22nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Tuesday, March 21st. Bank7’s dividend payout ratio (DPR) is currently 17.88%.

Bank7 Company Profile

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Bank7 Corp. is bank holding company, which engages in the provision of banking solutions. The company was founded by William Brad Haines in 2004 and is headquartered in Oklahoma City, OK.