Connor Clark & Lunn Investment Management Ltd. Has $1.82 Million Stock Position in Bank7 Corp. (NASDAQ:BSVN)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Bank7 Corp. (NASDAQ:BSVN) by 61.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,936 shares of the company’s stock after buying an additional 14,765 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.42% of Bank7 worth $1,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Bank7 by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock worth $3,610,000 after buying an additional 1,633 shares in the last quarter. State Street Corp lifted its position in Bank7 by 10.4% during the 3rd quarter. State Street Corp now owns 47,430 shares of the company’s stock worth $1,789,000 after buying an additional 4,465 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Bank7 during the 3rd quarter valued at about $1,378,000. Los Angeles Capital Management LLC lifted its position in Bank7 by 86.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 34,770 shares of the company’s stock valued at $1,622,000 after purchasing an additional 16,099 shares during the period. Finally, Empowered Funds LLC lifted its position in Bank7 by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock valued at $1,228,000 after purchasing an additional 1,608 shares during the period. Institutional investors and hedge funds own 23.48% of the company’s stock.

Analyst Ratings Changes

BSVN has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Piper Sandler upped their price target on Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, January 17th.

Bank7 Price Performance

Shares of BSVN stock opened at $38.80 on Wednesday. The stock has a market cap of $362.51 million, a PE ratio of 8.02 and a beta of 1.52. The stock has a 50-day moving average of $42.09 and a 200-day moving average of $42.70. Bank7 Corp. has a one year low of $26.07 and a one year high of $50.26.

Bank7 (NASDAQ:BSVN) last posted its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. As a group, research analysts anticipate that Bank7 Corp. will post 4.06 earnings per share for the current year.

Bank7 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.47%. Bank7’s payout ratio is 19.83%.

Insider Buying and Selling

In other news, insider Douglas A. Haines purchased 1,433 shares of Bank7 stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $39.91 per share, with a total value of $57,191.03. Following the transaction, the insider now directly owns 18,542 shares in the company, valued at $740,011.22. The trade was a 8.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Henry Litchfield sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total value of $207,700.00. Following the transaction, the vice president now directly owns 13,375 shares of the company’s stock, valued at approximately $555,597.50. This trade represents a 27.21 % decrease in their position. The disclosure for this sale can be found here. 44.01% of the stock is owned by company insiders.

Bank7 Company 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.