Piper Sandler Forecasts Strong Price Appreciation for Bank7 (NASDAQ:BSVN) Stock

Bank7 (NASDAQ:BSVN) had its price objective increased by equities researchers at Piper Sandler from $50.50 to $55.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 13.38% from the stock’s current price.

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Bank7 from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Friday, April 11th.

Bank7 Price Performance

Shares of NASDAQ:BSVN opened at $48.51 on Friday. The firm has a market capitalization of $458.42 million, a PE ratio of 10.45 and a beta of 1.08. The business has a 50-day moving average of $40.76 and a two-hundred day moving average of $40.31. Bank7 has a 12 month low of $32.49 and a 12 month high of $50.26.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, July 17th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $24.44 million during the quarter, compared to the consensus estimate of $22.70 million. Bank7 had a return on equity of 20.81% and a net margin of 31.99%. As a group, research analysts anticipate that Bank7 will post 4.06 earnings per share for the current year.

Institutional Investors Weigh In On Bank7

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Bank7 by 100.0% during the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the last quarter. GAMMA Investing LLC lifted its stake in Bank7 by 8,105.9% during the first quarter. GAMMA Investing LLC now owns 1,395 shares of the company’s stock worth $54,000 after purchasing an additional 1,378 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Bank7 by 17.9% during the fourth quarter. BNP Paribas Financial Markets now owns 1,773 shares of the company’s stock worth $83,000 after purchasing an additional 269 shares during the last quarter. Virtus Investment Advisers Inc. bought a new stake in Bank7 during the fourth quarter worth $98,000. Finally, Wells Fargo & Company MN lifted its stake in Bank7 by 30.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,333 shares of the company’s stock worth $109,000 after purchasing an additional 540 shares during the last quarter. Institutional investors own 23.48% 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. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.