Bank7 (NASDAQ:BSVN) Price Target Raised to $56.00 at Keefe, Bruyette & Woods

Bank7 (NASDAQ:BSVNGet Free Report) had its target price boosted by analysts at Keefe, Bruyette & Woods from $54.00 to $56.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 10.89% from the stock’s current price.

BSVN has been the topic of a number of other research reports. Weiss Ratings upgraded shares of Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Piper Sandler boosted their target price on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Zacks Research lowered shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

Read Our Latest Stock Report on Bank7

Bank7 Stock Down 2.5%

Shares of Bank7 stock opened at $50.50 on Friday. The firm has a market cap of $480.76 million, a PE ratio of 10.84 and a beta of 0.91. Bank7 has a fifty-two week low of $38.29 and a fifty-two week high of $53.00. The business’s fifty day moving average is $46.19 and its two-hundred day moving average is $43.78.

Bank7 (NASDAQ:BSVNGet Free Report) last released its earnings results on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.16). The business had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. Bank7 had a return on equity of 18.18% and a net margin of 31.77%. Equities research analysts anticipate that Bank7 will post 4.45 EPS for the current year.

Insider Activity at Bank7

In related news, insider Douglas A. Haines sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total transaction of $44,070.00. Following the transaction, the insider directly owned 16,647 shares in the company, valued at $733,633.29. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the completion of the transaction, the executive vice president directly owned 6,497 shares in the company, valued at $279,371. This represents a 13.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 25.71% of the company’s stock.

Hedge Funds Weigh In On Bank7

Hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its stake in Bank7 by 4.8% during the fourth quarter. Barclays PLC now owns 18,475 shares of the company’s stock valued at $757,000 after purchasing an additional 853 shares during the last quarter. Millennium Management LLC grew its position in Bank7 by 137.9% in the fourth quarter. Millennium Management LLC now owns 21,997 shares of the company’s stock worth $901,000 after buying an additional 12,749 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Bank7 by 32.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 28,471 shares of the company’s stock valued at $1,167,000 after buying an additional 6,985 shares in the last quarter. State Street Corp increased its holdings in shares of Bank7 by 0.7% in the fourth quarter. State Street Corp now owns 63,447 shares of the company’s stock valued at $2,617,000 after buying an additional 470 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Bank7 by 19.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 34,572 shares of the company’s stock valued at $1,600,000 after acquiring an additional 5,743 shares during the last quarter. Institutional investors and hedge funds own 23.48% of the company’s stock.

Key Stories Impacting Bank7

Here are the key news stories impacting Bank7 this week:

Bank7 Company Profile

(Get Free Report)

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.

Further Reading

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