Alliancebernstein L.P. Sells 8,303 Shares of Bank7 Corp (NASDAQ:BSVN)

Alliancebernstein L.P. cut its position in shares of Bank7 Corp (NASDAQ:BSVN) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,783 shares of the company’s stock after selling 8,303 shares during the period. Alliancebernstein L.P.’s holdings in Bank7 were worth $1,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Bank7 by 5.0% during the first quarter. BlackRock Inc. now owns 211,181 shares of the company’s stock valued at $1,677,000 after purchasing an additional 10,024 shares during the period. Mendon Capital Advisors Corp increased its position in shares of Bank7 by 11.9% during the fourth quarter. Mendon Capital Advisors Corp now owns 417,135 shares of the company’s stock valued at $7,909,000 after purchasing an additional 44,223 shares during the period. Bank of New York Mellon Corp bought a new stake in Bank7 in the fourth quarter valued at $697,000. Barclays PLC grew its position in Bank7 by 98.3% in the fourth quarter. Barclays PLC now owns 3,768 shares of the company’s stock valued at $71,000 after acquiring an additional 1,868 shares during the period. Finally, State Street Corp grew its position in Bank7 by 3.1% in the fourth quarter. State Street Corp now owns 66,338 shares of the company’s stock valued at $1,291,000 after acquiring an additional 2,009 shares during the period. Institutional investors and hedge funds own 26.70% of the company’s stock.

Shares of BSVN stock opened at $10.68 on Wednesday. Bank7 Corp has a 52 week low of $5.58 and a 52 week high of $20.04. The stock has a market capitalization of $107.12 million, a PE ratio of 13.02 and a beta of 2.25. The stock’s fifty day moving average is $10.22 and its 200-day moving average is $13.21.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.14. Bank7 had a return on equity of 8.29% and a net margin of 15.06%. The business had revenue of $11.76 million for the quarter, compared to analyst estimates of $10.45 million. Equities research analysts forecast that Bank7 Corp will post 1.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, June 24th. Bank7’s dividend payout ratio (DPR) is presently 20.41%.

A number of brokerages have weighed in on BSVN. Stephens cut Bank7 from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 12th. ValuEngine upgraded Bank7 from a “sell” rating to a “hold” rating in a report on Wednesday, March 4th. Piper Sandler increased their target price on Bank7 from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. TheStreet cut Bank7 from a “c-” rating to a “d” rating in a report on Thursday, March 12th. Finally, Zacks Investment Research upgraded Bank7 from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.67.

Bank7 Company Profile

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers in Oklahoma, Kansas, and Texas. It accepts demand, savings, checking, money market, and negotiable order of withdrawal accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Bank7 (NASDAQ:BSVN)

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