Sei Investments Co. Buys 19,641 Shares of Bank7 Corp. $BSVN

Sei Investments Co. lifted its stake in shares of Bank7 Corp. (NASDAQ:BSVN) by 91.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 41,174 shares of the company’s stock after acquiring an additional 19,641 shares during the period. Sei Investments Co.’s holdings in Bank7 were worth $1,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Bank7 during the 1st quarter valued at about $227,000. Alliancebernstein L.P. bought a new stake in Bank7 in the 3rd quarter worth approximately $223,000. Stifel Financial Corp lifted its position in Bank7 by 21.3% in the 4th quarter. Stifel Financial Corp now owns 5,400 shares of the company’s stock worth $221,000 after buying an additional 950 shares during the last quarter. HRT Financial LP purchased a new stake in Bank7 in the fourth quarter worth approximately $218,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Bank7 in the third quarter worth approximately $213,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Bank7

In other news, VP Jason E. Estes sold 3,225 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $49.51, for a total transaction of $159,669.75. Following the transaction, the vice president directly owned 101,898 shares of the company’s stock, valued at approximately $5,044,969.98. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas A. Haines sold 1,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total value of $44,070.00. Following the transaction, the insider directly owned 16,647 shares in the company, valued at $733,633.29. The trade was a 5.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 6,702 shares of company stock worth $328,443. Corporate insiders own 25.71% of the company’s stock.

Bank7 Stock Performance

Bank7 stock opened at $50.60 on Tuesday. The stock has a market cap of $481.71 million, a PE ratio of 11.58 and a beta of 0.90. Bank7 Corp. has a one year low of $38.29 and a one year high of $52.99. The stock has a fifty day moving average of $48.53 and a 200 day moving average of $44.69.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.16). The business had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. Bank7 had a return on equity of 16.74% and a net margin of 30.36%. As a group, sell-side analysts predict that Bank7 Corp. will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Bank7 from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Weiss Ratings upgraded shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Keefe, Bruyette & Woods raised their target price on Bank7 from $54.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Finally, Zacks Research lowered Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Bank7 presently has a consensus rating of “Moderate Buy” and an average price target of $58.50.

About Bank7

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.