Penn Capital Management Company LLC Takes $644,000 Position in Bank7 Corp. $BSVN

Key Points

• Penn Capital Management Company LLC has acquired a new stake in Bank7 Corp, purchasing 16,620 shares valued at approximately $644,000, which accounts for 0.18% of the company.
• The company reported $1.16 earnings per share for the latest quarter, exceeding analysts' expectations of $0.98, and announced an increase in its quarterly dividend from $0.24 to $0.27 per share.
• Analysts have raised their price targets for Bank7's stock, with Piper Sandler increasing its price objective from $50.50 to $55.00 and Keefe, Bruyette & Woods adjusting theirs from $47.00 to $52.00, indicating strong growth potential.

Penn Capital Management Company LLC bought a new stake in Bank7 Corp. (NASDAQ:BSVN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,620 shares of the company's stock, valued at approximately $644,000. Penn Capital Management Company LLC owned approximately 0.18% of Bank7 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Bank7 by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the company's stock valued at $31,000 after acquiring an additional 400 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Bank7 by 8,105.9% in the first quarter. GAMMA Investing LLC now owns 1,395 shares of the company's stock valued at $54,000 after acquiring an additional 1,378 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Bank7 by 17.9% in the fourth quarter. BNP Paribas Financial Markets now owns 1,773 shares of the company's stock valued at $83,000 after purchasing an additional 269 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in shares of Bank7 in the fourth quarter valued at about $98,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Bank7 by 30.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,333 shares of the company's stock valued at $109,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 23.48% of the company's stock.

Bank7 Trading Up 5.7%

Shares of BSVN opened at $48.90 on Friday. The stock has a market cap of $462.11 million, a P/E ratio of 10.54 and a beta of 1.13. The company has a 50-day moving average of $44.20 and a two-hundred day moving average of $40.64. 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 announced its earnings results on Thursday, July 17th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The company had revenue of $24.44 million during 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%. As a group, analysts forecast that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 7th. Shareholders of record on Friday, September 19th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, September 19th. This is an increase from Bank7's previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 2.2%. Bank7's dividend payout ratio (DPR) is presently 20.69%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Bank7

In other Bank7 news, VP Jason E. Estes sold 1,879 shares of Bank7 stock in a transaction dated 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 in the company, 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 is accessible through this link. Insiders have sold a total of 3,332 shares of company stock worth $160,324 in 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.

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