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 report released on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Piper Sandler upped their target price 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 upgraded shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.50.

Bank7 Stock Performance

Shares of Bank7 stock opened at $45.98 on Monday. The firm has a market cap of $437.73 million, a PE ratio of 9.87 and a beta of 0.92. The firm’s 50-day simple moving average is $43.69 and its 200-day simple moving average is $42.81. Bank7 has a 1 year low of $37.56 and a 1 year high of $50.10.

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

Insider Activity

In related news, insider Douglas A. Haines sold 1,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $44.07, for a total transaction of $44,070.00. Following the sale, the insider owned 16,647 shares in the company, valued at $733,633.29. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the sale, the executive vice president owned 6,497 shares in the company, valued at approximately $279,371. This trade represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 25.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Bank7 in the 1st quarter worth about $475,000. Sei Investments Co. grew its position in Bank7 by 91.2% in the 1st quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after purchasing an additional 19,641 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Bank7 by 60.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock worth $64,000 after purchasing an additional 604 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bank7 by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock worth $5,390,000 after purchasing an additional 5,303 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Bank7 by 7.0% in the 1st quarter. Hsbc Holdings PLC now owns 29,831 shares of the company’s stock worth $1,186,000 after purchasing an additional 1,942 shares during the last quarter. 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.