Bank7’s (NASDAQ:BSVN) lock-up period will expire on Tuesday, March 19th. Bank7 had issued 3,400,000 shares in its public offering on September 20th. The total size of the offering was $64,600,000 based on an initial share price of $19.00. After the end of Bank7’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
A number of analysts recently weighed in on the stock. Stephens reaffirmed a “buy” rating and set a $23.00 price target on shares of Bank7 in a research report on Wednesday, December 19th. Zacks Investment Research cut shares of Bank7 from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st.
Shares of Bank7 stock opened at $15.43 on Friday. Bank7 has a twelve month low of $10.85 and a twelve month high of $20.74. The firm has a market cap of $164.01 million and a P/E ratio of 6.32.
Bank7 (NASDAQ:BSVN) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.15. The business had revenue of $10.79 million for the quarter. As a group, analysts anticipate that Bank7 will post 1.83 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in BSVN. Alliancebernstein L.P. purchased a new stake in Bank7 during the 3rd quarter worth $4,404,000. Dean Capital Investments Management LLC acquired a new position in Bank7 in the 3rd quarter worth $605,000. ELCO Management Co. LLC acquired a new position in Bank7 in the 3rd quarter worth $491,000. Monashee Investment Management LLC acquired a new position in Bank7 in the 3rd quarter worth $1,596,000. Finally, EJF Capital LLC acquired a new position in Bank7 in the 3rd quarter worth $7,449,000. 33.84% of the stock is owned by hedge funds and other institutional investors.
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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. The company accepts demand, savings, money market, and negotiable order of withdrawal accounts, as well as certificates of deposits.
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