26,546 Shares in Bank7 Corp. (NASDAQ:BSVN) Purchased by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in Bank7 Corp. (NASDAQ:BSVN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,546 shares of the company’s stock, valued at approximately $831,000. Inspire Investing LLC owned approximately 0.29% of Bank7 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of 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 in the last quarter. Acadian Asset Management LLC lifted its stake in Bank7 by 4.9% in the second 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 last quarter. Bank of New York Mellon Corp grew its position in shares of Bank7 by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company’s stock valued at $1,206,000 after acquiring an additional 1,478 shares during the period. Empowered Funds LLC increased its stake in shares of Bank7 by 7.8% during the 1st 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. Finally, Russell Investments Group Ltd. raised its holdings in shares of Bank7 by 12.5% in the 1st quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock valued at $548,000 after purchasing an additional 2,156 shares during the period. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Price Performance

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

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

Bank7 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be issued a dividend of $0.24 per share. This is a boost from Bank7’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, September 26th. Bank7’s dividend payout ratio (DPR) is presently 28.15%.

Insider Activity at Bank7

In other Bank7 news, CMO Lisa K. Haines sold 8,062 shares of the stock in a transaction on 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 owns 3,876 shares in the company, valued at approximately $140,660.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Bank7 news, CMO Lisa K. Haines sold 8,062 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.29, for a total transaction of $292,569.98. Following the transaction, the chief marketing officer now owns 3,876 shares in the company, valued at approximately $140,660.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jason E. Estes sold 4,964 shares of Bank7 stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.18, for a total transaction of $184,561.52. Following the completion of the sale, the vice president now owns 71,318 shares of the company’s stock, valued at $2,651,603.24. The disclosure for this sale can be found here. Insiders sold 31,552 shares of company stock worth $1,153,684 in the last ninety days. 44.01% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on Bank7 from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report 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.