Inspire Investing LLC Buys Shares of 26,546 Bank7 Corp. (NASDAQ:BSVN)

Inspire Investing LLC purchased a new stake in Bank7 Corp. (NASDAQ:BSVN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,546 shares of the company’s stock, valued at approximately $831,000.

A number of other institutional investors also recently modified their holdings of the business. Kennedy Capital Management LLC raised its stake in Bank7 by 22.5% during the first quarter. Kennedy Capital Management LLC now owns 113,841 shares of the company’s stock worth $3,210,000 after acquiring an additional 20,881 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Bank7 by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 221,768 shares of the company’s stock valued at $6,254,000 after purchasing an additional 2,817 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Bank7 by 7.8% during the 1st quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock valued at $818,000 after purchasing an additional 2,100 shares during the last quarter. Denali Advisors LLC increased its position in Bank7 by 60.3% during the 1st quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock worth $262,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Bank7 by 4.9% in the 2nd quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock valued at $680,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors and hedge funds own 23.48% of the company’s stock.

Insiders Place Their Bets

In other news, VP Jason E. Estes sold 2,952 shares of the 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 completion of the sale, the vice president now owns 72,818 shares of the company’s stock, valued at $2,621,448. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Jason E. Estes sold 2,952 shares of the business’s 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 transaction, the vice president now owns 72,818 shares in the company, valued at approximately $2,621,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief marketing officer now owns 3,876 shares of the company’s stock, valued at $140,660.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 31,552 shares of company stock valued at $1,153,684. 44.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Bank7 Trading Down 5.1 %

Shares of BSVN stock opened at $38.48 on Friday. The business’s 50-day moving average price is $38.77 and its 200-day moving average price is $32.35. Bank7 Corp. has a 12 month low of $19.53 and a 12 month high of $42.40. The firm has a market capitalization of $355.86 million, a price-to-earnings ratio of 11.28 and a beta of 1.48.

Bank7 (NASDAQ:BSVN) last posted 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. Bank7 had a net margin of 22.22% and a return on equity of 17.89%. The business had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.20 million. During the same period last year, the company earned $1.05 EPS. On average, sell-side analysts predict that Bank7 Corp. will post 4.39 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be given a dividend of $0.24 per share. This is a positive change 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 of this dividend is Thursday, September 26th. Bank7’s dividend payout ratio (DPR) is currently 28.15%.

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.