Connor Clark & Lunn Investment Management Ltd. Purchases 5,849 Shares of Bank7 Corp. $BSVN

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its ownership of Bank7 Corp. by 15% in the first quarter, acquiring an additional 5,849 shares for a total of 44,785 shares, valued at approximately $1.735 million.
• Bank7 Corp. reported strong quarterly earnings, achieving an EPS of $1.16, exceeding expectations, with a net margin of 31.99% and revenues of $24.44 million.
• Several institutional investors made significant investments in Bank7 during the fourth quarter, with JPMorgan Chase & Co. increasing its holdings by an impressive 674.6%.

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,785 shares of the company's stock after purchasing an additional 5,849 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.47% of Bank7 worth $1,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Bank7 by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 12,304 shares of the company's stock worth $477,000 after acquiring an additional 750 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Bank7 by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the company's stock worth $31,000 after acquiring an additional 400 shares in the last quarter. Axxcess Wealth Management LLC grew its position in Bank7 by 23.5% in the first quarter. Axxcess Wealth Management LLC now owns 28,597 shares of the company's stock worth $1,108,000 after acquiring an additional 5,444 shares in the last quarter. GAMMA Investing LLC grew its position in Bank7 by 8,105.9% in the first quarter. GAMMA Investing LLC now owns 1,395 shares of the company's stock worth $54,000 after acquiring an additional 1,378 shares in the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new position in Bank7 in the fourth quarter worth $98,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Bank7 from $47.00 to $52.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Piper Sandler upped their target price on shares of Bank7 from $50.50 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $53.50.

Bank7 Price Performance

Bank7 stock traded up $0.77 during mid-day trading on Thursday, hitting $46.26. The company's stock had a trading volume of 42,818 shares, compared to its average volume of 15,280. The stock has a market cap of $437.16 million, a price-to-earnings ratio of 9.97 and a beta of 1.13. The business has a 50 day moving average price of $44.00 and a 200-day moving average price of $40.61. Bank7 Corp. has a 12 month low of $32.49 and a 12 month high of $50.26.

Bank7 (NASDAQ:BSVN - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $24.44 million during the quarter, compared to the consensus estimate of $22.70 million. Bank7 had a net margin of 31.99% and a return on equity of 20.36%. On average, equities research analysts expect that Bank7 Corp. will post 4.06 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 7th. Shareholders of record on Friday, September 19th will be paid a $0.27 dividend. This is an increase from Bank7's previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 2.3%. Bank7's payout ratio is currently 20.69%.

Insiders Place Their Bets

In other Bank7 news, VP Jason E. Estes sold 1,879 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $47.58, for a total value of $89,402.82. Following the completion of the sale, the vice president directly owned 75,961 shares of the company's stock, valued at $3,614,224.38. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 3,332 shares of company stock valued at $160,324 over the last ninety days. Insiders own 25.81% of the company's stock.

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.