Mink Brook Asset Management LLC Has $16.26 Million Position in Bank7 Corp. $BSVN

Key Points

• Mink Brook Asset Management LLC reduced its stake in Bank7 Corp. by 1.4%, now holding 419,583 shares, which constitutes 17.1% of its total holdings.
• Bank7 Corp. increased its quarterly dividend to $0.27 per share, a rise from the previous $0.24, representing an annualized yield of 2.2%.
• Recent analysts' reviews show positive growth potential for Bank7, with price targets raised and a consensus rating of "Buy" from multiple research firms.

Mink Brook Asset Management LLC decreased its holdings in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 419,583 shares of the company's stock after selling 6,137 shares during the quarter. Bank7 makes up approximately 17.1% of Mink Brook Asset Management LLC's portfolio, making the stock its biggest position. Mink Brook Asset Management LLC owned approximately 4.44% of Bank7 worth $16,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new position in shares of Bank7 in the 4th quarter valued at $4,291,000. Penn Capital Management Company LLC acquired a new position in Bank7 in the first quarter valued at $644,000. American Century Companies Inc. boosted its stake in Bank7 by 38.5% in the first quarter. American Century Companies Inc. now owns 55,562 shares of the company's stock valued at $2,152,000 after acquiring an additional 15,441 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bank7 by 15.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 98,288 shares of the company's stock worth $4,586,000 after purchasing an additional 12,976 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Bank7 by 674.6% during the fourth quarter. JPMorgan Chase & Co. now owns 13,370 shares of the company's stock worth $624,000 after purchasing an additional 11,644 shares in the last quarter. Institutional investors and hedge funds own 23.48% of the company's stock.

Insider Transactions at Bank7

In other 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 transaction of $89,402.82. Following the completion of the transaction, the vice president owned 75,961 shares of the company's stock, valued at approximately $3,614,224.38. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas L. Travis sold 13,084 shares of Bank7 stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total transaction of $645,826.24. Following the sale, the chief executive officer owned 286,293 shares in the company, valued at approximately $14,131,422.48. This represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,416 shares of company stock worth $806,150 in the last three months. 25.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BSVN has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price target on Bank7 from $47.00 to $52.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Piper Sandler boosted their price target on shares of Bank7 from $50.50 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bank7 has an average rating of "Buy" and a consensus price target of $53.50.

Bank7 Price Performance

NASDAQ:BSVN traded down $0.44 during mid-day trading on Thursday, reaching $49.40. The company's stock had a trading volume of 8,334 shares, compared to its average volume of 25,928. The company's fifty day simple moving average is $44.89 and its two-hundred day simple moving average is $40.80. Bank7 Corp. has a twelve month low of $32.49 and a twelve month high of $50.26. The stock has a market cap of $466.83 million, a P/E ratio of 10.65 and a beta of 1.13.

Bank7 (NASDAQ:BSVN - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.18. The firm had revenue of $24.44 million for the quarter, compared to analysts' expectations of $22.70 million. Bank7 had a net margin of 31.99% and a return on equity of 20.36%. Sell-side analysts expect that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 19th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, September 19th. Bank7's payout ratio is currently 20.69%.

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.