Hsbc Holdings PLC Invests $1.53 Million in Bank7 Corp. $BSVN

Key Points

• HSBC Holdings acquired 31,641 Bank7 shares worth approximately $1.53 million, giving it a 0.33% stake. Institutional investors collectively own 23.48% of the company.
• Bank7 reported quarterly EPS of $0.87 and revenue of $22.91 million, both below analyst expectations. Shares were trading at $51.36, down 1.6%, with a market capitalization of about $489 million.
• Bank7 raised its quarterly dividend from $0.27 to $0.30 per share, representing a $1.20 annualized payout and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $58.50.

Hsbc Holdings PLC acquired a new position in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,641 shares of the company's stock, valued at approximately $1,534,000. Hsbc Holdings PLC owned about 0.33% of Bank7 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Bank7 by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company's stock valued at $534,000 after buying an additional 245 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Bank7 by 30.2% during the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company's stock worth $84,000 after buying an additional 420 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Bank7 by 7.5% in the second quarter. First Trust Advisors LP now owns 6,030 shares of the company's stock valued at $252,000 after acquiring an additional 423 shares during the period. Jane Street Group LLC boosted its position in shares of Bank7 by 3.9% in the fourth quarter. Jane Street Group LLC now owns 12,254 shares of the company's stock valued at $502,000 after acquiring an additional 458 shares during the period. Finally, State Street Corp grew its stake in shares of Bank7 by 0.7% in the fourth quarter. State Street Corp now owns 63,447 shares of the company's stock worth $2,617,000 after acquiring an additional 470 shares during the last quarter. Institutional investors own 23.48% of the company's stock.

Bank7 Trading Down 1.6%

Shares of BSVN stock opened at $51.36 on Tuesday. Bank7 Corp. has a 12 month low of $38.29 and a 12 month high of $55.41. The company has a market capitalization of $489.46 million, a P/E ratio of 11.75 and a beta of 0.90. The stock has a 50 day moving average of $50.51 and a two-hundred day moving average of $45.46.

Bank7 (NASDAQ:BSVN - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.16). The firm had revenue of $22.91 million for the quarter, compared to the consensus estimate of $23.86 million. Bank7 had a net margin of 30.36% and a return on equity of 16.48%. Sell-side analysts predict that Bank7 Corp. will post 4.26 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Friday, September 18th will be issued a $0.30 dividend. This is a boost from Bank7's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.20 annualized dividend and a yield of 2.3%. Bank7's payout ratio is presently 24.71%.

Insider Transactions at Bank7

In other Bank7 news, VP Jason E. Estes sold 2,077 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total value of $104,203.09. Following the sale, the vice president owned 103,840 shares of the company's stock, valued at $5,209,652.80. The trade was a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 5,702 shares of company stock valued at $284,373. Insiders own 25.71% of the company's stock.

Analyst Ratings Changes

BSVN has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Bank7 from $54.00 to $56.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Zacks Research downgraded shares of Bank7 from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Piper Sandler raised their price target on shares of Bank7 from $57.00 to $61.00 and gave the stock an "overweight" rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Bank7 from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Bank7 has an average rating of "Moderate Buy" and a consensus price target of $58.50.

Bank7 Profile

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.

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