Hillsdale Investment Management Inc. Buys 500 Shares of Bank7 Corp. (NASDAQ:BSVN)

Hillsdale Investment Management Inc. boosted its stake in Bank7 Corp. (NASDAQ:BSVN) by 9.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,000 shares of the company’s stock after buying an additional 500 shares during the period. Hillsdale Investment Management Inc.’s holdings in Bank7 were worth $280,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Bank7 by 22.9% during 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 period. R Squared Ltd bought a new position in Bank7 during the 4th quarter worth $30,000. Geode Capital Management LLC lifted its holdings 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 worth $3,610,000 after buying an additional 1,633 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Bank7 in the third quarter valued at about $86,000. Finally, State Street Corp grew its stake in shares of Bank7 by 10.4% in the third quarter. State Street Corp now owns 47,430 shares of the company’s stock valued at $1,789,000 after acquiring an additional 4,465 shares in the last quarter. 23.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Bank7

In related news, VP Henry Litchfield sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total value of $207,700.00. Following the sale, the vice president now directly owns 13,375 shares of the company’s stock, valued at $555,597.50. This trade represents a 27.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Douglas A. Haines bought 1,433 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the transaction, the insider now owns 18,542 shares of the company’s stock, valued at approximately $740,011.22. The trade was a 8.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 44.01% of the company’s stock.

Bank7 Stock Up 2.4 %

BSVN stock opened at $40.32 on Tuesday. Bank7 Corp. has a 52 week low of $26.07 and a 52 week high of $50.26. The business has a 50-day simple moving average of $41.81 and a 200 day simple moving average of $42.71. The company has a market cap of $380.94 million, a PE ratio of 8.33 and a beta of 1.52.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Thursday, January 16th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. On average, analysts anticipate that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, March 20th. Bank7’s dividend payout ratio is presently 19.83%.

Analysts Set New Price Targets

A number of analysts have issued reports on BSVN shares. Piper Sandler boosted their price objective on shares of Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods cut their price target on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 17th.

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.