Bank7 (BSVN) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research cut shares of Bank7 (NASDAQ:BSVN) from a buy rating to a sell rating in a research report released on Tuesday morning, 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 reissued a buy rating and set a $24.00 price objective on shares of Bank7 in a research note on Monday, February 4th.

Shares of NASDAQ BSVN traded up $0.17 during trading on Tuesday, hitting $17.44. 628 shares of the company traded hands, compared to its average volume of 13,084. Bank7 has a 1 year low of $10.85 and a 1 year high of $20.74. The stock has a market capitalization of $177.68 million and a PE ratio of 7.15.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. Bank7 had a net margin of 48.17% and a return on equity of 29.08%. The company had revenue of $10.58 million during the quarter. On average, sell-side analysts forecast that Bank7 will post 1.83 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. purchased a new stake in shares of Bank7 during the 4th quarter valued at $30,000. Deutsche Bank AG purchased a new stake in shares of Bank7 during the 4th quarter valued at $59,000. Geode Capital Management LLC purchased a new stake in shares of Bank7 during the 4th quarter valued at $158,000. Stifel Financial Corp grew its stake in shares of Bank7 by 15.1% during the 4th quarter. Stifel Financial Corp now owns 23,225 shares of the company’s stock valued at $310,000 after buying an additional 3,043 shares during the period. Finally, Mendon Capital Advisors Corp grew its stake in shares of Bank7 by 16.5% during the 4th quarter. Mendon Capital Advisors Corp now owns 29,739 shares of the company’s stock valued at $397,000 after buying an additional 4,212 shares during the period. 33.40% of the stock is owned by institutional investors.

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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