Bank7 (NASDAQ:BSVN) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research has downgraded Bank7's rating from "strong-buy" to "hold", reflecting a shift in analysts' sentiment towards the stock.
• Despite the downgrade, Piper Sandler and Keefe, Bruyette & Woods have increased their target prices for Bank7's stock, indicating mixed opinions among brokerages.
• Bank7 reported strong earnings, with an EPS of $1.16 for the last quarter, exceeding analysts' expectations of $0.98.

Bank7 (NASDAQ:BSVN - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler raised their price objective on shares of Bank7 from $50.50 to $55.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Bank7 from $47.00 to $52.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $53.50.

Bank7 Stock Performance

Shares of BSVN traded down $1.68 during trading hours on Monday, reaching $47.20. 46,700 shares of the company traded hands, compared to its average volume of 18,455. The stock's fifty day moving average is $47.04 and its 200 day moving average is $41.63. The stock has a market cap of $446.04 million, a P/E ratio of 10.17 and a beta of 1.17. Bank7 has a 1-year low of $32.49 and a 1-year high of $50.26.

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

Insiders Place Their Bets

In related news, VP Jason E. Estes sold 1,879 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $47.58, for a total value of $89,402.82. Following the completion of the transaction, the vice president directly owned 75,961 shares in the company, valued at $3,614,224.38. This trade represents a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas L. Travis sold 13,084 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total transaction of $645,826.24. Following the sale, the chief executive officer directly owned 286,293 shares in the company, valued at $14,131,422.48. This trade represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,416 shares of company stock valued at $806,150 in the last ninety days. 25.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank7

Several large investors have recently added to or reduced their stakes in the company. Mink Brook Asset Management LLC raised its stake in Bank7 by 11.4% during the second quarter. Mink Brook Asset Management LLC now owns 467,280 shares of the company's stock valued at $19,546,000 after purchasing an additional 47,697 shares in the last quarter. Twin Lions Management LLC increased its holdings in Bank7 by 9.4% in the 2nd quarter. Twin Lions Management LLC now owns 349,563 shares of the company's stock worth $14,622,000 after buying an additional 29,921 shares during the period. American Century Companies Inc. increased its holdings in Bank7 by 113.8% in the 2nd quarter. American Century Companies Inc. now owns 118,772 shares of the company's stock worth $4,968,000 after buying an additional 63,210 shares during the period. Geode Capital Management LLC grew its stake in shares of Bank7 by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 101,428 shares of the company's stock worth $4,243,000 after purchasing an additional 2,442 shares during the period. Finally, Invesco Ltd. purchased a new position in shares of Bank7 during the 2nd quarter valued at approximately $2,803,000. 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.