Russell Investments Group Ltd. Boosts Holdings in Bank7 Corp. $BSVN

Key Points

• Russell Investments Group Ltd. increased its stake in Bank7 Corp. by 30% during the first quarter, owning 25,451 shares worth approximately $986,000 at the end of the reporting period.
• Analysts have recently raised their price targets for Bank7, with Keefe, Bruyette & Woods setting a new target of $52.00 and Piper Sandler at $55.00, reflecting a positive outlook for the stock.
• Bank7 announced a quarterly dividend of $0.27 per share, set to be paid on October 7th, with a current annualized yield of 2.2%.

Russell Investments Group Ltd. increased its position in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,451 shares of the company's stock after purchasing an additional 5,870 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.27% of Bank7 worth $986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in 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 during the last quarter. GAMMA Investing LLC increased its holdings in Bank7 by 8,105.9% during the 1st quarter. GAMMA Investing LLC now owns 1,395 shares of the company's stock worth $54,000 after acquiring an additional 1,378 shares during the period. BNP Paribas Financial Markets increased its holdings in Bank7 by 17.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,773 shares of the company's stock worth $83,000 after acquiring an additional 269 shares during the period. Virtus Investment Advisers Inc. bought a new position in shares of Bank7 in the 4th quarter worth $98,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Bank7 by 30.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,333 shares of the company's stock worth $109,000 after buying an additional 540 shares during the last quarter. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BSVN shares. Piper Sandler increased their price target on shares of Bank7 from $50.50 to $55.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods increased their price target on shares of Bank7 from $47.00 to $52.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $53.50.

Bank7 Stock Performance

Shares of Bank7 stock remained flat at $48.82 during trading on Wednesday. 19,013 shares of the stock were exchanged, compared to its average volume of 18,232. Bank7 Corp. has a 12 month low of $32.49 and a 12 month high of $50.26. The company has a market cap of $461.40 million, a P/E ratio of 10.52 and a beta of 1.17. The firm has a 50-day simple moving average of $45.87 and a 200-day simple moving average of $41.02.

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

Bank7 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 19th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.08 annualized dividend and a yield of 2.2%. Bank7's dividend payout ratio is presently 23.28%.

Insider Buying and Selling at Bank7

In other Bank7 news, CEO Thomas L. Travis sold 13,084 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total transaction of $645,826.24. Following the completion of the sale, the chief executive officer owned 286,293 shares of the company's stock, valued at $14,131,422.48. This represents a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jason E. Estes sold 1,879 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 16,416 shares of company stock valued at $806,150 in the last three months. 25.81% of the stock is currently owned by corporate insiders.

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.