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

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

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

Bank7 Trading Up 0.0%

NASDAQ BSVN opened at $58.72 on Monday. The stock has a 50 day moving average price of $54.77 and a 200-day moving average price of $47.33. Bank7 has a one year low of $38.29 and a one year high of $59.52.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings results on Thursday, October 15th. The company reported $1.06 earnings per share for the quarter, topping 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. On average, sell-side analysts predict that Bank7 will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Jason E. Estes sold 2,077 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $50.17, for a total value of $104,203.09. Following the completion of the sale, the vice president owned 103,840 shares in the company, valued at approximately $5,209,652.80. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darrell Lee Jr. Mathews sold 1,750 shares of Bank7 stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $57.61, for a total transaction of $100,817.50. Following the transaction, the executive vice president directly owned 9,997 shares of the company’s stock, valued at approximately $575,927.17. This represents a 14.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,227 shares of company stock worth $225,521 in the last quarter. Company insiders own 25.71% of the company’s stock.

Hedge Funds Weigh In On Bank7

Several hedge funds have recently added to or reduced their stakes in BSVN. PNC Financial Services Group Inc. raised 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 period. Globeflex Capital L P bought a new stake in Bank7 in the second quarter worth about $159,000. Deutsche Bank AG bought a new stake in Bank7 in the second quarter worth about $210,000. GSA Capital Partners LLP bought a new stake in Bank7 in the second quarter worth about $243,000. Finally, R Squared Ltd boosted its position in shares of 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 institutional investors.

Bank7 Company Profile

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.