Renaissance Technologies LLC Invests $475,000 in Bank7 Corp. $BSVN

Renaissance Technologies LLC purchased a new stake in Bank7 Corp. (NASDAQ:BSVN) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,900 shares of the company’s stock, valued at approximately $475,000. Renaissance Technologies LLC owned about 0.13% of Bank7 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Bank7 in the 3rd quarter valued at about $3,312,000. Invesco Ltd. bought a new stake in shares of Bank7 in the 2nd quarter valued at $2,803,000. Mink Brook Asset Management LLC raised its stake in Bank7 by 4.4% during the 4th quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company’s stock worth $19,343,000 after buying an additional 20,035 shares during the period. Sei Investments Co. raised its stake in Bank7 by 91.2% during the 1st quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after buying an additional 19,641 shares during the period. Finally, Millennium Management LLC lifted its holdings in Bank7 by 137.9% during the fourth quarter. Millennium Management LLC now owns 21,997 shares of the company’s stock worth $901,000 after acquiring an additional 12,749 shares in the last quarter. 23.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Bank7 news, VP Jason E. Estes sold 3,225 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $49.51, for a total value of $159,669.75. Following the completion of the sale, the vice president owned 101,898 shares in the company, valued at $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 is available through this link. Also, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction that occurred 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 approximately $733,633.29. This trade represents a 5.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 6,702 shares of company stock valued at $328,443. Corporate insiders own 25.71% of the company’s stock.

Bank7 Stock Down 0.4%

NASDAQ BSVN opened at $52.09 on Tuesday. Bank7 Corp. has a 12-month low of $38.29 and a 12-month high of $55.41. The firm’s 50 day moving average is $49.29 and its 200-day moving average is $44.97. The company has a market capitalization of $496.42 million, a PE ratio of 11.92 and a beta of 0.90.

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 the consensus estimate of $1.03 by ($0.16). Bank7 had a net margin of 30.36% and a return on equity of 16.48%. The business had revenue of $22.91 million during the quarter, compared to analyst estimates of $23.86 million. As a group, sell-side analysts expect that Bank7 Corp. will post 4.26 EPS for the current year.

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.