SummerHaven Investment Management LLC Takes Position in Bank7 Corp. $BSVN

SummerHaven Investment Management LLC bought a new position in Bank7 Corp. (NASDAQ:BSVN) during the third quarter, Holdings Channel reports. The firm bought 18,774 shares of the company’s stock, valued at approximately $869,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BSVN. American Century Companies Inc. increased its stake in Bank7 by 113.8% in the 2nd quarter. American Century Companies Inc. now owns 118,772 shares of the company’s stock worth $4,968,000 after acquiring an additional 63,210 shares during the last quarter. Mink Brook Asset Management LLC grew its holdings in shares of Bank7 by 11.4% in the second quarter. Mink Brook Asset Management LLC now owns 467,280 shares of the company’s stock valued at $19,546,000 after purchasing an additional 47,697 shares in the last quarter. Twin Lions Management LLC increased its position in Bank7 by 9.4% in the second quarter. Twin Lions Management LLC now owns 349,563 shares of the company’s stock worth $14,622,000 after purchasing an additional 29,921 shares during the last quarter. Copeland Capital Management LLC raised its stake in Bank7 by 16.4% during the second quarter. Copeland Capital Management LLC now owns 1,601 shares of the company’s stock valued at $67,000 after purchasing an additional 225 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in Bank7 by 12.3% during the second quarter. Inspire Investing LLC now owns 22,200 shares of the company’s stock valued at $929,000 after purchasing an additional 2,436 shares during the last quarter. 23.48% of the stock is owned by institutional investors.

Bank7 Trading Up 0.4%

Shares of NASDAQ:BSVN opened at $43.75 on Wednesday. Bank7 Corp. has a 12 month low of $32.49 and a 12 month high of $50.10. The company has a market capitalization of $413.44 million, a price-to-earnings ratio of 9.74 and a beta of 0.91. The firm’s 50-day moving average is $42.61 and its 200 day moving average is $44.51.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Thursday, January 15th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. Bank7 had a return on equity of 18.58% and a net margin of 31.38%.The business had revenue of $24.10 million during the quarter, compared to analyst estimates of $24.10 million. As a group, equities analysts forecast that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 22nd were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 22nd. Bank7’s dividend payout ratio is 24.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Bank7 from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank7 in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Bank7 Profile

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.