Mink Brook Asset Management LLC Takes Position in Bank7 Corp. (NASDAQ:BSVN)

Mink Brook Asset Management LLC acquired a new stake in Bank7 Corp. (NASDAQ:BSVN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 425,720 shares of the company's stock, valued at approximately $19,864,000. Bank7 comprises about 19.0% of Mink Brook Asset Management LLC's holdings, making the stock its largest position. Mink Brook Asset Management LLC owned 4.56% of Bank7 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Twin Lions Management LLC acquired a new position in Bank7 in the 4th quarter valued at $13,962,000. Invesco Ltd. acquired a new position in shares of Bank7 during the 4th quarter worth $4,291,000. Angel Oak Capital Advisors LLC acquired a new position in shares of Bank7 during the 4th quarter worth $1,190,000. Axxcess Wealth Management LLC acquired a new position in shares of Bank7 during the 4th quarter worth $1,080,000. Finally, American Century Companies Inc. raised its holdings in shares of Bank7 by 91.8% during the 4th quarter. American Century Companies Inc. now owns 40,121 shares of the company's stock worth $1,872,000 after buying an additional 19,199 shares in the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BSVN shares. Keefe, Bruyette & Woods lowered their price target on Bank7 from $50.00 to $47.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Piper Sandler increased their price target on Bank7 from $53.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, January 17th.

Insider Activity at Bank7

In other news, VP Henry Litchfield sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total value of $207,700.00. Following the completion of the transaction, the vice president now directly owns 13,375 shares of the company's stock, valued at $555,597.50. This trade represents a 27.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Haines purchased 1,433 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $39.91 per share, with a total value of $57,191.03. Following the completion of the acquisition, the insider now directly owns 18,542 shares of the company's stock, valued at approximately $740,011.22. This trade represents a 8.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. 25.81% of the stock is currently owned by company insiders.

Bank7 Price Performance

Shares of Bank7 stock opened at $39.07 on Tuesday. Bank7 Corp. has a one year low of $27.84 and a one year high of $50.26. The stock's 50-day moving average is $37.52 and its 200 day moving average is $42.02. The firm has a market cap of $369.13 million, a price-to-earnings ratio of 8.07 and a beta of 1.07.

Bank7 (NASDAQ:BSVN - Get Free Report) last announced its earnings results on Thursday, April 10th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.97 by $0.11. The company had revenue of $22.60 million for the quarter, compared to analyst estimates of $22.58 million. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. During the same quarter in the prior year, the company earned $1.21 EPS. On average, sell-side analysts expect that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

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.

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