Wells Fargo & Company MN Raises Position in Bank7 Corp. (NASDAQ:BSVN)

Wells Fargo & Company MN raised its stake in Bank7 Corp. (NASDAQ:BSVN) by 30.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,333 shares of the company’s stock after purchasing an additional 540 shares during the quarter. Wells Fargo & Company MN’s holdings in Bank7 were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BSVN. Angel Oak Capital Advisors LLC purchased a new stake in shares of Bank7 in the fourth quarter worth approximately $1,190,000. Axxcess Wealth Management LLC bought a new position in shares of Bank7 in the fourth quarter valued at approximately $1,080,000. American Century Companies Inc. grew its holdings in shares of Bank7 by 91.8% in the fourth quarter. American Century Companies Inc. now owns 40,121 shares of the company’s stock valued at $1,872,000 after acquiring an additional 19,199 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Bank7 in the fourth quarter valued at approximately $893,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Bank7 by 86.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 34,770 shares of the company’s stock valued at $1,622,000 after acquiring an additional 16,099 shares in the last quarter. 23.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Bank7 news, insider Douglas A. Haines bought 1,433 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $39.91 per share, with a total value of $57,191.03. Following the completion of the purchase, the insider now directly owns 18,542 shares of the company’s stock, valued at $740,011.22. This trade represents a 8.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Henry Litchfield sold 5,000 shares of Bank7 stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $41.54, for a total value of $207,700.00. Following the sale, the vice president now directly owns 13,375 shares in the company, valued at approximately $555,597.50. The trade was a 27.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 25.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on Bank7 from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Piper Sandler upped their target price on Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, January 17th.

Bank7 Stock Performance

Shares of BSVN stock opened at $37.34 on Monday. Bank7 Corp. has a 52-week low of $27.84 and a 52-week high of $50.26. The company has a market capitalization of $352.79 million, a PE ratio of 7.71 and a beta of 1.07. The business’s fifty day moving average is $37.54 and its 200 day moving average is $42.04.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, April 10th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. The business had revenue of $22.60 million for the quarter, compared to the consensus estimate of $22.58 million. During the same quarter last year, the business posted $1.21 earnings per share. On average, sell-side analysts forecast that Bank7 Corp. will post 4.06 EPS for the current fiscal year.

Bank7 Profile

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.