Bank7 (NASDAQ:BSVN) Stock Rating Lowered by Zacks Research

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

Several other analysts also recently weighed in on BSVN. Piper Sandler upped their price objective on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Keefe, Bruyette & Woods lowered their price objective on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Finally, Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.50.

Bank7 Stock Performance

BSVN opened at $45.98 on Monday. The firm has a market cap of $437.73 million, a P/E ratio of 9.87 and a beta of 0.92. Bank7 has a 52-week low of $37.56 and a 52-week high of $50.10. The business’s fifty day moving average is $43.69 and its 200-day moving average is $42.81.

Bank7 (NASDAQ:BSVN) last released its earnings results on Tuesday, April 14th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.24. Bank7 had a return on equity of 18.18% and a net margin of 31.77%.The company had revenue of $26.16 million for the quarter, compared to analyst estimates of $23.63 million. On average, research analysts predict that Bank7 will post 4.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bank7 news, EVP Darrell Lee Jr. Mathews sold 1,000 shares of Bank7 stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. Following the completion of the sale, the executive vice president directly owned 6,497 shares in the company, valued at approximately $279,371. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas A. Haines sold 1,000 shares of Bank7 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 completion of the sale, the insider owned 16,647 shares of the company’s stock, valued at approximately $733,633.29. The trade was a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 25.71% of the company’s stock.

Institutional Investors Weigh In On Bank7

Several hedge funds and other institutional investors have recently modified their holdings of BSVN. State of Alaska Department of Revenue increased its holdings in shares of Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after acquiring an additional 294 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Bank7 by 60.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after acquiring an additional 604 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Bank7 by 30.2% during the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after acquiring an additional 420 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Bank7 by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after acquiring an additional 1,540 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Bank7 during the fourth quarter valued at approximately $202,000. Institutional investors own 23.48% of the company’s stock.

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.