Bank7 (NASDAQ:BSVN) Downgraded by Zacks Research to Hold

Bank7 (NASDAQ:BSVN) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts have also recently issued reports on BSVN. Piper Sandler boosted their price objective on shares of Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Weiss Ratings raised shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.50.

Bank7 Stock Up 0.6%

Shares of NASDAQ BSVN opened at $45.98 on Monday. Bank7 has a 52-week low of $37.56 and a 52-week high of $50.10. The firm has a fifty day moving average of $43.69 and a 200-day moving average of $42.81. The stock has a market capitalization of $437.73 million, a PE ratio of 9.87 and a beta of 0.92.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.24. Bank7 had a net margin of 31.77% and a return on equity of 18.18%. The company had revenue of $26.16 million during the quarter, compared to analysts’ expectations of $23.63 million. Equities research analysts expect that Bank7 will post 4.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bank7 news, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $43.00, for a total value of $43,000.00. Following the transaction, the executive vice president owned 6,497 shares in the company, valued at $279,371. The trade was a 13.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the completion of the transaction, the insider owned 16,647 shares in the company, valued at $733,633.29. This represents a 5.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 25.71% of the company’s stock.

Hedge Funds Weigh In On Bank7

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in Bank7 by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after buying an additional 294 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Bank7 by 60.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after purchasing an additional 604 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Bank7 by 30.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after purchasing an additional 420 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Bank7 by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Bank7 in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Company Profile

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.