Keefe, Bruyette & Woods Issues Pessimistic Forecast for Bank7 (NASDAQ:BSVN) Stock Price

Bank7 (NASDAQ:BSVN) had its price objective dropped by research analysts at Keefe, Bruyette & Woods from $53.00 to $52.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 20.99% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Piper Sandler raised their target price on Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank7 in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bank7 presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Bank7 Stock Performance

Shares of BSVN opened at $42.98 on Wednesday. The stock has a 50-day simple moving average of $41.65 and a 200-day simple moving average of $42.54. The stock has a market capitalization of $409.17 million, a PE ratio of 9.22 and a beta of 0.93. Bank7 has a 1 year low of $33.92 and a 1 year high of $50.10.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.24. Bank7 had a return on equity of 18.52% and a net margin of 31.77%.The business had revenue of $26.16 million during the quarter, compared to analysts’ expectations of $23.63 million. Analysts predict that Bank7 will post 4.06 EPS for the current year.

Insider Activity

In other news, CFO Kelly J. Harris sold 4,500 shares of the business’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 transaction, the chief financial officer owned 12,756 shares of the company’s stock, valued at approximately $583,587. The trade was a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 25.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC acquired a new position in shares of Bank7 in the third quarter valued at approximately $869,000. 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 purchasing an additional 470 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Bank7 by 13.3% in the second quarter. Russell Investments Group Ltd. now owns 28,829 shares of the company’s stock valued at $1,206,000 after purchasing an additional 3,378 shares during the period. 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 purchasing an additional 6,985 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Bank7 by 31.1% in the third quarter. Ameriprise Financial Inc. now owns 20,328 shares of the company’s stock valued at $941,000 after purchasing an additional 4,824 shares during the period. Institutional investors and hedge funds own 23.48% of the company’s stock.

Bank7 Company Profile

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.