Millennium Management LLC Purchases New Position in Bank7 Corp. (NASDAQ:BSVN)

Millennium Management LLC acquired a new stake in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,363 shares of the company's stock, valued at approximately $390,000. Millennium Management LLC owned approximately 0.09% of Bank7 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its holdings in shares of Bank7 by 34.2% in the 4th quarter. Ameriprise Financial Inc. now owns 23,374 shares of the company's stock worth $1,091,000 after acquiring an additional 5,952 shares during the last quarter. JPMorgan Chase & Co. raised its position in Bank7 by 674.6% in the 4th quarter. JPMorgan Chase & Co. now owns 13,370 shares of the company's stock worth $624,000 after purchasing an additional 11,644 shares during the period. First Trust Advisors LP bought a new stake in Bank7 in the fourth quarter worth $264,000. Wells Fargo & Company MN lifted its stake in Bank7 by 30.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,333 shares of the company's stock worth $109,000 after purchasing an additional 540 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Bank7 by 40.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 20,418 shares of the company's stock valued at $953,000 after buying an additional 5,871 shares during the period. Institutional investors own 23.48% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on Bank7 from $50.00 to $47.00 and set an "outperform" rating for the company in a research note on Friday, April 11th.

Bank7 Stock Performance

NASDAQ:BSVN traded down $0.65 during midday trading on Friday, reaching $38.85. 28,405 shares of the stock traded hands, compared to its average volume of 24,664. The stock has a market capitalization of $367.05 million, a P/E ratio of 8.03 and a beta of 1.08. The company has a fifty day moving average of $37.45 and a 200 day moving average of $41.01. Bank7 Corp. has a 12 month low of $27.84 and a 12 month high of $50.26.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings data on Thursday, April 10th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.97 by $0.11. The firm had revenue of $22.60 million during the quarter, compared to the consensus estimate of $22.58 million. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. During the same period in the prior year, the firm posted $1.21 earnings per share. On average, analysts predict that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.96 annualized dividend and a dividend yield of 2.47%. Bank7's dividend payout ratio (DPR) is presently 20.38%.

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.