Renaissance Technologies LLC Cuts Position in Bank7 Corp. (NASDAQ:BSVN)

Renaissance Technologies LLC trimmed its holdings in shares of Bank7 Corp. (NASDAQ:BSVN) by 5.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,053 shares of the company’s stock after selling 447 shares during the quarter. Renaissance Technologies LLC owned 0.09% of Bank7 worth $252,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Kennedy Capital Management LLC increased its position in shares of Bank7 by 22.5% during the 1st quarter. Kennedy Capital Management LLC now owns 113,841 shares of the company’s stock valued at $3,210,000 after purchasing an additional 20,881 shares during the last quarter. Vanguard Group Inc. increased its holdings in Bank7 by 1.3% during the first quarter. Vanguard Group Inc. now owns 221,768 shares of the company’s stock worth $6,254,000 after buying an additional 2,817 shares during the last quarter. Empowered Funds LLC raised its position in Bank7 by 7.8% in the first quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock worth $818,000 after acquiring an additional 2,100 shares during the period. Denali Advisors LLC boosted its stake in Bank7 by 60.3% in the first quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock valued at $262,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Bank7 by 4.9% during the 2nd quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock valued at $680,000 after acquiring an additional 1,025 shares during the period. 23.48% of the stock is currently owned by institutional investors.

Bank7 Price Performance

NASDAQ BSVN opened at $40.01 on Friday. The company’s 50 day simple moving average is $38.37 and its two-hundred day simple moving average is $33.45. Bank7 Corp. has a 1 year low of $19.53 and a 1 year high of $42.40. The stock has a market capitalization of $373.69 million, a PE ratio of 11.73 and a beta of 1.47.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Friday, October 11th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.17. The business had revenue of $24.89 million during the quarter, compared to analysts’ expectations of $24.00 million. Bank7 had a net margin of 22.22% and a return on equity of 17.89%. On average, research analysts anticipate that Bank7 Corp. will post 4.39 EPS for the current year.

Bank7 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, September 26th. This is a positive change from Bank7’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 2.40%. Bank7’s dividend payout ratio is 28.15%.

Insider Activity at Bank7

In other news, CMO Lisa K. Haines sold 8,062 shares of the firm’s 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 transaction, the chief marketing officer now directly owns 3,876 shares of the company’s stock, valued at approximately $140,660.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CMO Lisa K. Haines sold 8,062 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.29, for a total value of $292,569.98. Following the sale, the chief marketing officer now directly owns 3,876 shares of the company’s stock, valued at $140,660.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John T. Phillips sold 11,943 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.53, for a total transaction of $436,277.79. Following the transaction, the chief operating officer now directly owns 17,803 shares in the company, valued at approximately $650,343.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,552 shares of company stock valued at $1,153,684. Corporate insiders own 44.01% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Bank7

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.