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

Bank7 (NASDAQ:BSVN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Bank7 Corp. is the bank holding company for Bank7, operates as a community bank. It accepts deposits and makes loans, as well as provides card facilities, investments, certification of deposits, wealth management and online banking services. Bank7 Corp. is headquartered in Oklahoma City. “

Separately, Stephens restated a “buy” rating and set a $24.00 target price on shares of Bank7 in a research report on Monday, July 29th.

NASDAQ BSVN traded down $0.95 during mid-day trading on Monday, reaching $17.50. 8,400 shares of the stock were exchanged, compared to its average volume of 10,194. Bank7 has a 1-year low of $10.85 and a 1-year high of $20.74. The firm’s fifty day simple moving average is $17.78. The firm has a market capitalization of $183.52 million and a PE ratio of 7.17.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Friday, July 26th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. Bank7 had a net margin of 44.09% and a return on equity of 25.90%. The firm had revenue of $10.88 million for the quarter. As a group, equities analysts expect that Bank7 will post 1.88 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. acquired a new position in shares of Bank7 in the 4th quarter valued at $30,000. Deutsche Bank AG acquired a new position in shares of Bank7 in the 4th quarter valued at $59,000. Geode Capital Management LLC bought a new stake in shares of Bank7 in the 4th quarter worth about $158,000. Stifel Financial Corp increased its position in shares of Bank7 by 15.1% in the 4th quarter. Stifel Financial Corp now owns 23,225 shares of the company’s stock worth $310,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in shares of Bank7 in the 4th quarter worth about $417,000. Institutional investors own 33.46% of the company’s stock.

Bank7 Company Profile

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers in Oklahoma, Kansas, and Texas. It accepts demand, savings, checking, money market, and negotiable order of withdrawal accounts, as well as certificates of deposit.

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