Bank7 (NASDAQ:BSVN) Price Target Raised to $56.00

Bank7 (NASDAQ:BSVN) had its price objective hoisted by Keefe, Bruyette & Woods from $54.00 to $56.00 in a report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

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

Bank7 Stock Performance

Shares of BSVN opened at $50.96 on Friday. The firm has a market capitalization of $485.14 million, a P/E ratio of 11.66 and a beta of 0.91. The stock’s fifty day simple moving average is $46.33 and its 200 day simple moving average is $43.85. Bank7 has a twelve month low of $38.29 and a twelve month high of $52.99.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Thursday, July 16th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.16). Bank7 had a net margin of 30.36% and a return on equity of 16.74%. The firm had revenue of $22.91 million during the quarter, compared to analyst estimates of $23.86 million. Sell-side analysts predict that Bank7 will post 4.26 earnings per share for the current year.

Insiders Place Their Bets

In other Bank7 news, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction dated 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 owned 16,647 shares in the company, valued at $733,633.29. The trade was 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 company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. Following the completion of 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. The disclosure for this sale is available in the SEC filing. 25.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bank7

Several hedge funds have recently modified their holdings of BSVN. State of Alaska Department of Revenue lifted its position in Bank7 by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after acquiring an additional 294 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Bank7 by 60.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,604 shares of the company’s stock valued at $64,000 after acquiring an additional 604 shares in the last quarter. BNP Paribas Financial Markets grew its position 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 acquiring an additional 420 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Bank7 during the third quarter valued at approximately $213,000. Finally, Wells Fargo & Company MN raised its stake in shares of Bank7 by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock valued at $195,000 after purchasing an additional 1,540 shares during the period. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

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

About Bank7

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.