Bank7 (NASDAQ:BSVN) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• Bank7's stock is rated as a "Buy (B)" by Weiss Ratings, reinforcing optimism from analysts despite a recent downgrade from Zacks Research from "strong-buy" to "hold".
• The company's stock has reached a market cap of $433.28 million and is currently trading at $45.85, close to its 52-week high of $50.26.
• Bank7 reported a quarterly earnings per share of $1.16, surpassing analyst expectations of $0.98, and has a consensus price target of $53.50.

Bank7 (NASDAQ:BSVN - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

BSVN has been the topic of a number of other research reports. Zacks Research downgraded Bank7 from a "strong-buy" rating to a "hold" rating in a report on Monday, September 15th. Keefe, Bruyette & Woods increased their price objective on Bank7 from $47.00 to $52.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Piper Sandler raised their price target on Bank7 from $50.50 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.50.

Bank7 Stock Up 0.5%

NASDAQ BSVN traded up $0.21 during trading hours on Wednesday, hitting $45.85. 4,733 shares of the company were exchanged, compared to its average volume of 24,795. The company has a 50 day moving average of $46.98 and a two-hundred day moving average of $42.27. Bank7 has a 52-week low of $32.49 and a 52-week high of $50.26. The firm has a market cap of $433.28 million, a price-to-earnings ratio of 9.88 and a beta of 1.13.

Bank7 (NASDAQ:BSVN - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.18. Bank7 had a return on equity of 20.36% and a net margin of 31.99%.The business had revenue of $24.44 million for the quarter, compared to the consensus estimate of $22.70 million. On average, equities research analysts predict that Bank7 will post 4.06 EPS for the current year.

Insiders Place Their Bets

In other Bank7 news, CEO Thomas L. Travis sold 13,084 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $49.36, for a total value of $645,826.24. Following the completion of the sale, the chief executive officer owned 286,293 shares of the company's stock, valued at approximately $14,131,422.48. This trade represents a 4.37% 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 E. Estes sold 1,879 shares of Bank7 stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $47.58, for a total value of $89,402.82. Following the transaction, the vice president directly owned 75,961 shares of the company's stock, valued at approximately $3,614,224.38. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,416 shares of company stock valued at $806,150. 41.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank7

Several hedge funds have recently bought and sold shares of the stock. Copeland Capital Management LLC grew its position in shares of Bank7 by 16.4% in the second quarter. Copeland Capital Management LLC now owns 1,601 shares of the company's stock valued at $67,000 after purchasing an additional 225 shares during the period. JPMorgan Chase & Co. grew its position in shares of Bank7 by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company's stock valued at $534,000 after purchasing an additional 245 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Bank7 by 100.0% in the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the company's stock valued at $31,000 after acquiring an additional 400 shares during the last quarter. First Trust Advisors LP boosted its holdings in Bank7 by 7.5% in the second quarter. First Trust Advisors LP now owns 6,030 shares of the company's stock valued at $252,000 after acquiring an additional 423 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Bank7 by 3.2% in the first quarter. Inspire Investing LLC now owns 19,764 shares of the company's stock valued at $766,000 after acquiring an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company's stock.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.

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