JPMorgan Chase & Co. Has $65,000 Position in Bank7 Corp. (NASDAQ:BSVN)

JPMorgan Chase & Co. reduced its stake in Bank7 Corp. (NASDAQ:BSVN) by 82.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,726 shares of the company’s stock after selling 8,033 shares during the period. JPMorgan Chase & Co.’s holdings in Bank7 were worth $65,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BSVN. Los Angeles Capital Management LLC bought a new position in shares of Bank7 in the third quarter worth about $700,000. Barclays PLC lifted its holdings in Bank7 by 158.7% during the third quarter. Barclays PLC now owns 12,953 shares of the company’s stock valued at $486,000 after purchasing an additional 7,947 shares during the last quarter. State Street Corp increased its position in shares of Bank7 by 10.4% during the third quarter. State Street Corp now owns 47,430 shares of the company’s stock valued at $1,789,000 after buying an additional 4,465 shares during the period. BNP Paribas Financial Markets increased its position in shares of Bank7 by 22.9% in the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after purchasing an additional 280 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Bank7 by 1.7% during the third quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock valued at $3,610,000 after purchasing an additional 1,633 shares during the period. 23.48% of the stock is currently owned by institutional investors and hedge funds.

Bank7 Trading Down 2.0 %

Shares of BSVN stock opened at $42.08 on Tuesday. The company has a market capitalization of $393.15 million, a P/E ratio of 8.69 and a beta of 1.47. The business’s 50 day moving average is $45.16 and its two-hundred day moving average is $42.22. Bank7 Corp. has a 12-month low of $26.07 and a 12-month high of $50.26.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. On average, research analysts predict that Bank7 Corp. will post 4 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Friday, December 20th. Bank7’s dividend payout ratio (DPR) is 19.83%.

Analysts Set New Price Targets

Several brokerages have commented on BSVN. Piper Sandler raised their price objective on Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods cut their target price on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th.

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.