Renaissance Technologies LLC Purchases New Position in Bank7 Corp. $BSVN

Renaissance Technologies LLC purchased a new stake in Bank7 Corp. (NASDAQ:BSVN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,900 shares of the company’s stock, valued at approximately $475,000.

Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after acquiring an additional 294 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock worth $64,000 after purchasing an additional 604 shares during the period. BNP Paribas Financial Markets lifted its holdings in Bank7 by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after purchasing an additional 420 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Bank7 by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock worth $195,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Bank7 in the 4th quarter valued at $202,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

Bank7 Trading Down 0.4%

NASDAQ BSVN opened at $52.09 on Tuesday. The company has a market cap of $496.42 million, a price-to-earnings ratio of 11.92 and a beta of 0.90. The company has a 50 day moving average of $49.29 and a 200-day moving average of $44.97. Bank7 Corp. has a 1-year low of $38.29 and a 1-year high of $55.41.

Bank7 (NASDAQ:BSVN) last issued its quarterly 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, equities research analysts forecast that Bank7 Corp. will post 4.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 transaction of $44,070.00. Following the sale, the insider directly owned 16,647 shares of the company’s stock, valued at approximately $733,633.29. This represents a 5.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jason E. Estes sold 2,077 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $50.17, for a total value of $104,203.09. Following the completion of the transaction, the vice president owned 103,840 shares in the company, valued at $5,209,652.80. The trade was a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 6,702 shares of company stock valued at $328,443. Corporate insiders own 25.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bank7 Company 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.