Acadian Asset Management LLC Acquires 1,025 Shares of Bank7 Corp. (NASDAQ:BSVN)

Acadian Asset Management LLC grew its stake in Bank7 Corp. (NASDAQ:BSVN) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,762 shares of the company’s stock after acquiring an additional 1,025 shares during the period. Acadian Asset Management LLC owned 0.24% of Bank7 worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in Bank7 by 39.6% in the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock valued at $62,000 after buying an additional 627 shares during the period. Denali Advisors LLC increased its stake in Bank7 by 60.3% in the 1st quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock valued at $262,000 after buying an additional 3,500 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Bank7 by 33.8% during the first quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock worth $363,000 after acquiring an additional 3,254 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Bank7 by 15.3% during the 4th quarter. Russell Investments Group Ltd. now owns 17,272 shares of the company’s stock worth $472,000 after purchasing an additional 2,289 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Bank7 by 7.8% in the first quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock valued at $818,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors own 23.48% of the company’s stock.

Bank7 Stock Up 0.2 %

Shares of BSVN stock opened at $39.76 on Wednesday. Bank7 Corp. has a 12-month low of $19.53 and a 12-month high of $42.40. The company has a market capitalization of $367.70 million, a PE ratio of 11.67 and a beta of 1.48. The firm has a 50 day moving average price of $38.20 and a two-hundred day moving average price of $32.07.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings data on Thursday, July 11th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Bank7 had a return on equity of 17.89% and a net margin of 22.22%. The firm had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.20 million. During the same period in the prior year, the firm posted $1.05 EPS. As a group, research analysts expect that Bank7 Corp. will post 4.39 EPS for the current year.

Bank7 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be issued a $0.24 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 2.41%. This is an increase from Bank7’s previous quarterly dividend of $0.21. Bank7’s payout ratio is currently 28.15%.

Insiders Place Their Bets

In other news, VP Jason E. Estes sold 2,952 shares of Bank7 stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.00, for a total value of $106,272.00. Following the completion of the sale, the vice president now directly owns 72,818 shares in the company, valued at $2,621,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Jason E. Estes sold 2,952 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.00, for a total value of $106,272.00. Following the completion of the transaction, the vice president now owns 72,818 shares of the company’s stock, valued at $2,621,448. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Lisa K. Haines sold 8,062 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.29, for a total transaction of $292,569.98. Following the sale, the chief marketing officer now owns 3,876 shares in the company, valued at $140,660.04. The disclosure for this sale can be found here. Insiders have sold a total of 31,552 shares of company stock worth $1,153,684 in the last quarter. Corporate insiders own 44.01% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, July 12th.

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.