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

Bank7 (NASDAQ:BSVN) had its price target boosted by Keefe, Bruyette & Woods from $54.00 to $56.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently issued reports on BSVN. Piper Sandler raised their price objective on shares of Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Zacks Research downgraded shares of Bank7 from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.50.

Bank7 Stock Up 0.9%

Shares of BSVN opened at $50.96 on Friday. The business has a 50-day simple moving average of $46.33 and a two-hundred day simple moving average of $43.83. Bank7 has a 52 week low of $38.29 and a 52 week high of $52.99. The stock has a market cap of $485.14 million, a price-to-earnings ratio of 11.66 and a beta of 0.91.

Bank7 (NASDAQ:BSVN) last released its earnings results on Thursday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.16). Bank7 had a return on equity of 16.74% and a net margin of 30.36%.The firm had revenue of $22.91 million during the quarter, compared to analysts’ expectations of $23.86 million. On average, equities analysts anticipate that Bank7 will post 4.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank7

In related news, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $44.07, for a total transaction of $44,070.00. Following the completion of the transaction, the insider owned 16,647 shares in the company, valued at $733,633.29. The trade was a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. Following the sale, the executive vice president directly owned 6,497 shares of the company’s stock, valued at $279,371. The trade was 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.

Institutional Trading of Bank7

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Bank7 by 2.0% during the second quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock worth $534,000 after buying an additional 245 shares in the last quarter. State of Alaska Department of Revenue grew its position in Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after buying an additional 294 shares during the period. BNP Paribas Financial Markets increased its holdings in Bank7 by 30.2% in the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after buying an additional 420 shares in the last quarter. First Trust Advisors LP raised its position in shares of Bank7 by 7.5% in the second quarter. First Trust Advisors LP now owns 6,030 shares of the company’s stock worth $252,000 after acquiring an additional 423 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Bank7 by 3.9% in the fourth quarter. Jane Street Group LLC now owns 12,254 shares of the company’s stock worth $502,000 after acquiring an additional 458 shares during the period. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Bank7 News Roundup

Here are the key news stories impacting Bank7 this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Bank7 to $56 from $54 and kept an outperform rating, signaling about 9.9% upside from the current price. Benzinga
• Positive Sentiment: Q2 earnings call highlights emphasized strong asset quality, margin strength, and continued strategic growth plans, which may support investor confidence in the bank’s longer-term outlook. Yahoo Finance
• Neutral Sentiment: Bank7 is moving ahead with its M&A process, targeting a September 3 auction end date and projecting Q3 expenses of $9.5 million to $9.7 million, which adds uncertainty but also signals active strategic execution. Seeking Alpha
• Negative Sentiment: Q2 results missed estimates, with earnings of $0.87 per share versus expectations of $1.03 and revenue of $22.91 million versus $23.86 million, partly due to a one-time charge. MarketBeat

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.