Bank7 (NASDAQ:BSVN) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of Bank7 (NASDAQ:BSVN) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Piper Sandler lifted their price target on Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods dropped their price target on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Three 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 a consensus rating of “Moderate Buy” and an average price target of $54.50.

Bank7 Stock Performance

Shares of BSVN stock 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 fifty-two week low of $37.56 and a fifty-two week high of $50.10. The business’s 50 day moving average price is $43.69 and its 200-day moving average price is $42.81.

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

Bank7 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Friday, June 19th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.08 dividend on an annualized basis and a yield of 2.3%. Bank7’s payout ratio is presently 23.18%.

Insiders Place Their Bets

In other Bank7 news, insider Douglas A. Haines sold 1,000 shares of Bank7 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 approximately $733,633.29. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of Bank7 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 of the company’s stock, valued at $279,371. The trade was a 13.34% decrease in their position. The SEC filing for this sale provides additional information. 25.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Bank7 by 31.1% during the third quarter. Ameriprise Financial Inc. now owns 20,328 shares of the company’s stock valued at $941,000 after buying an additional 4,824 shares during the last quarter. Barclays PLC lifted its holdings in shares of Bank7 by 4.8% during the fourth quarter. Barclays PLC now owns 18,475 shares of the company’s stock valued at $757,000 after purchasing an additional 853 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Bank7 by 5.0% during the third quarter. Bank of America Corp DE now owns 13,013 shares of the company’s stock valued at $602,000 after purchasing an additional 624 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Bank7 by 25.9% during the fourth quarter. State of Wisconsin Investment Board now owns 10,700 shares of the company’s stock valued at $438,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Bank7 during the third quarter valued at $428,000. Hedge funds and other 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.