Zacks Research Upgrades Bank7 (NASDAQ:BSVN) to Hold

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

BSVN has been the subject of several other reports. Royal Bank Of Canada set a $62.00 price objective on shares of Bank7 in a report on Wednesday, September 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Bank7 from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Piper Sandler increased their target price on Bank7 from $61.00 to $69.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. UBS Group restated a “buy” rating on shares of Bank7 in a research report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank7 in a report on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.33.

Bank7 Trading Up 0.0%

BSVN opened at $58.72 on Monday. The firm has a 50-day moving average price of $54.77 and a 200-day moving average price of $47.33. Bank7 has a twelve month low of $38.29 and a twelve month high of $59.52.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $23.37 million during the quarter, compared to the consensus estimate of $23.75 million. Equities research analysts anticipate that Bank7 will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $57.61, for a total value of $100,817.50. Following the completion of the transaction, the executive vice president directly owned 9,997 shares in the company, valued at approximately $575,927.17. This trade represents a 14.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason Estes sold 2,077 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total transaction of $104,203.09. Following the transaction, the vice president directly owned 103,840 shares of the company’s stock, valued at approximately $5,209,652.80. This represents a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,227 shares of company stock valued at $225,521 over the last 90 days. 25.71% of the stock is owned by company insiders.

Institutional Trading of Bank7

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Bank7 by 60.4% during 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. Globeflex Capital L P purchased a new stake in shares of Bank7 in the second quarter worth $159,000. Deutsche Bank AG purchased a new stake in shares of Bank7 in the second quarter worth $210,000. GSA Capital Partners LLP purchased a new stake in shares of Bank7 in the second quarter worth $243,000. Finally, R Squared Ltd boosted its stake in Bank7 by 37.2% during the first quarter. R Squared Ltd now owns 7,176 shares of the company’s stock valued at $286,000 after buying an additional 1,945 shares during the period. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

About Bank7

Bank7 is a community bank headquartered in Oklahoma City, Oklahoma, and the principal subsidiary of Bank7 Corporation (NASDAQ: BSVN). Founded in 2004, the bank serves businesses, professionals and individual customers through banking locations in Oklahoma and Texas.

The bank provides a range of commercial and consumer banking services, including business and personal checking and savings accounts, certificates of deposit, commercial real estate lending, construction loans, commercial and industrial loans, residential real estate loans and consumer financing.