Bank of New York Mellon Corp Purchases 1,478 Shares of Bank7 Corp. (NASDAQ:BSVN)

Bank of New York Mellon Corp lifted its position in shares of Bank7 Corp. (NASDAQ:BSVN) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,523 shares of the company’s stock after acquiring an additional 1,478 shares during the period. Bank of New York Mellon Corp owned approximately 0.42% of Bank7 worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BSVN. BNP Paribas Financial Markets increased its position in shares of Bank7 by 39.6% during the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock valued at $62,000 after acquiring an additional 627 shares in the last quarter. Denali Advisors LLC boosted its holdings in Bank7 by 60.3% in the first quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock worth $262,000 after purchasing an additional 3,500 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in Bank7 by 33.8% in the first quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock worth $363,000 after purchasing an additional 3,254 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Bank7 by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock worth $548,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings 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 purchasing an additional 2,100 shares during the last quarter. Institutional investors own 23.48% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler raised their target price on shares of Bank7 from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, July 12th.

Insider Transactions at Bank7

In other news, VP Jason E. Estes sold 2,952 shares of the firm’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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Jason E. Estes sold 4,964 shares of Bank7 stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $37.18, for a total transaction of $184,561.52. Following the sale, the vice president now owns 71,318 shares of the company’s stock, valued at approximately $2,651,603.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the vice president now directly owns 72,818 shares in the company, valued at approximately $2,621,448. The disclosure for this sale can be found here. Insiders have sold 31,552 shares of company stock valued at $1,153,684 over the last quarter. 44.01% of the stock is currently owned by company insiders.

Bank7 Price Performance

Shares of BSVN stock opened at $38.48 on Friday. The company has a market cap of $355.86 million, a price-to-earnings ratio of 11.28 and a beta of 1.48. Bank7 Corp. has a 1 year low of $19.53 and a 1 year high of $42.40. The firm has a fifty day moving average price of $38.77 and a 200-day moving average price of $32.35.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, July 11th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.23. Bank7 had a return on equity of 17.89% and a net margin of 22.22%. The business had revenue of $24.40 million during the quarter, compared to analyst estimates of $23.20 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. Equities research analysts expect that Bank7 Corp. will post 4.39 EPS for the current year.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 26th will be paid a $0.24 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.96 annualized dividend and a dividend yield of 2.49%. This is an increase from Bank7’s previous quarterly dividend of $0.21. Bank7’s dividend payout ratio (DPR) is 28.15%.

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.