Hsbc Holdings PLC Makes New $1.53 Million Investment in Bank7 Corp. $BSVN

Hsbc Holdings PLC acquired a new stake in shares of Bank7 Corp. (NASDAQ:BSVN) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,641 shares of the company’s stock, valued at approximately $1,534,000.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of Bank7 in the 1st quarter worth approximately $475,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bank7 during the 2nd quarter worth approximately $2,186,000. The Manufacturers Life Insurance Company acquired a new stake in Bank7 in the 2nd quarter valued at $13,441,000. Sei Investments Co. boosted its stake in Bank7 by 91.2% in the 1st quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock valued at $1,642,000 after buying an additional 19,641 shares in the last quarter. Finally, R Squared Ltd grew its position in Bank7 by 37.2% in the first quarter. R Squared Ltd now owns 7,176 shares of the company’s stock valued at $286,000 after acquiring an additional 1,945 shares during the period. 23.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Bank7 news, VP Jason E. Estes sold 3,225 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $49.51, for a total transaction of $159,669.75. Following the transaction, the vice president owned 101,898 shares of the company’s stock, valued at approximately $5,044,969.98. This represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 5,702 shares of company stock valued at $284,373. Insiders own 25.71% of the company’s stock.

Bank7 Trading Down 1.6%

BSVN opened at $51.36 on Tuesday. Bank7 Corp. has a 1-year low of $38.29 and a 1-year high of $55.41. The stock has a market capitalization of $489.46 million, a PE ratio of 11.75 and a beta of 0.90. The firm has a 50-day moving average price of $50.51 and a two-hundred day moving average price of $45.46.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Thursday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.16). Bank7 had a return on equity of 16.48% and a net margin of 30.36%.The company had revenue of $22.91 million for the quarter, compared to analyst estimates of $23.86 million. On average, research analysts predict that Bank7 Corp. will post 4.26 EPS for the current year.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Friday, September 18th will be given a $0.30 dividend. This is a boost from Bank7’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, September 18th. This represents a $1.20 annualized dividend and a yield of 2.3%. Bank7’s dividend payout ratio is presently 24.71%.

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.