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

Connor Clark & Lunn Investment Management Ltd. increased its stake in Bank7 Corp. (NASDAQ:BSVN) by 61.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,936 shares of the company’s stock after purchasing an additional 14,765 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Bank7 were worth $1,817,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BSVN. R Squared Ltd acquired a new stake in Bank7 during the 4th quarter valued at $30,000. BNP Paribas Financial Markets lifted its holdings in Bank7 by 22.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock valued at $56,000 after purchasing an additional 280 shares during the last quarter. MetLife Investment Management LLC bought a new position in Bank7 during the 3rd quarter worth $86,000. Sanctuary Advisors LLC bought a new position in Bank7 during the 4th quarter worth $293,000. Finally, Barclays PLC increased its position in Bank7 by 158.7% during the 3rd quarter. Barclays PLC now owns 12,953 shares of the company’s stock worth $486,000 after buying an additional 7,947 shares during the period. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Stock Performance

Shares of NASDAQ BSVN opened at $38.80 on Wednesday. Bank7 Corp. has a 52 week low of $26.07 and a 52 week high of $50.26. The stock has a market capitalization of $362.51 million, a P/E ratio of 8.02 and a beta of 1.52. The stock’s fifty day moving average is $42.09 and its 200 day moving average is $42.70.

Bank7 (NASDAQ:BSVN) last released its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast 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. Shareholders of record on Thursday, March 20th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, March 20th. Bank7’s dividend payout ratio is presently 19.83%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BSVN shares. Keefe, Bruyette & Woods lowered their price objective on 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 raised their price target on Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th.

Insider Buying and Selling at Bank7

In other news, insider Douglas A. Haines purchased 1,433 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased 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 owns 18,542 shares of the company’s stock, valued at $740,011.22. This trade represents a 8.38 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP Henry Litchfield sold 5,000 shares of Bank7 stock in a transaction dated 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 $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. Company insiders own 44.01% of the company’s stock.

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.