Bank7 (NASDAQ:BSVN) Upgraded at Zacks Research

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

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods decreased their price objective on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler raised their price target on Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank7 in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, Bank7 presently has an average rating of “Buy” and an average target price of $54.50.

Bank7 Trading Up 1.8%

Bank7 stock opened at $43.76 on Thursday. Bank7 has a twelve month low of $33.92 and a twelve month high of $50.10. The stock has a 50 day moving average of $41.63 and a two-hundred day moving average of $42.50. The stock has a market capitalization of $416.60 million, a price-to-earnings ratio of 9.39 and a beta of 0.93.

Bank7 (NASDAQ:BSVN) last posted 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. Bank7 had a return on equity of 18.52% and a net margin of 31.77%.The company had revenue of $26.16 million during the quarter, compared to analysts’ expectations of $23.63 million. Equities analysts predict that Bank7 will post 4.06 earnings per share for the current year.

Bank7 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 19th. Bank7’s dividend payout ratio (DPR) is currently 23.18%.

Insider Activity at Bank7

In other news, CFO Kelly J. Harris sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $45.75, for a total value of $205,875.00. Following the completion of the sale, the chief financial officer directly owned 12,756 shares of the company’s stock, valued at $583,587. This trade represents a 26.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.81% 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 company. Zacks Investment Management purchased a new position in Bank7 in the 4th quarter valued at approximately $202,000. Quadrature Capital Ltd purchased a new position in Bank7 in the 4th quarter valued at approximately $279,000. Millennium Management LLC increased its stake in Bank7 by 137.9% in the 4th quarter. Millennium Management LLC now owns 21,997 shares of the company’s stock valued at $901,000 after purchasing an additional 12,749 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Bank7 by 25.9% in the 4th 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, Barclays PLC increased its stake in Bank7 by 4.8% in the 4th 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. 23.48% of the stock is owned by hedge funds and other institutional investors.

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.