Bank7 (NASDAQ:BSVN) Upgraded at Zacks Research

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

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

Bank7 Trading Up 0.0%

NASDAQ BSVN opened at $58.72 on Monday. The business’s fifty day moving average is $54.77 and its 200 day moving average is $47.33. Bank7 has a fifty-two week low of $38.29 and a fifty-two week high of $59.52.

Bank7 (NASDAQ:BSVN) last released 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 company had revenue of $23.37 million for the quarter, compared to the consensus estimate of $23.75 million. As a group, equities research analysts predict that Bank7 will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Bank7

In other Bank7 news, EVP Darrell Lee Jr. Mathews sold 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was 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 $575,927.17. This represents a 14.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jason Estes sold 2,077 shares of the 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 sale, the vice president directly owned 103,840 shares of the company’s stock, valued at approximately $5,209,652.80. This trade represents a 1.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,227 shares of company stock worth $225,521 in the last three months. 25.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank7

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its position in shares of Bank7 by 14.4% during the second quarter. Squarepoint Ops LLC now owns 11,511 shares of the company’s stock valued at $563,000 after purchasing an additional 1,448 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Bank7 by 6.1% in the second quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,810 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Bank7 in the second quarter worth about $909,000. The Manufacturers Life Insurance Company bought a new stake in shares of Bank7 in the second quarter worth about $13,441,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bank7 in the second quarter worth about $2,186,000. Institutional investors own 23.48% of the company’s stock.

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.