Piper Sandler Raises Bank7 (NASDAQ:BSVN) Price Target to $13.50

Bank7 (NASDAQ:BSVN) had its price target increased by Piper Sandler from $13.00 to $13.50 in a report published on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the stock. Piper Sandler also issued estimates for Bank7’s Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.32 EPS, FY2020 earnings at $1.75 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.27 EPS, Q3 2021 earnings at $0.27 EPS, Q4 2021 earnings at $0.29 EPS and FY2021 earnings at $1.11 EPS.

Several other brokerages have also commented on BSVN. Zacks Investment Research lowered shares of Bank7 from a buy rating to a hold rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods cut shares of Bank7 from an outperform rating to a market perform rating in a research note on Wednesday, April 1st. Finally, Stephens lowered Bank7 from an overweight rating to an equal weight rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $13.17.

Bank7 stock opened at $9.91 on Wednesday. The stock has a fifty day moving average price of $10.30 and a 200 day moving average price of $11.83. Bank7 has a 52 week low of $5.58 and a 52 week high of $20.04. The firm has a market capitalization of $91.43 million, a P/E ratio of 11.39 and a beta of 2.26.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.22. Bank7 had a return on equity of 8.19% and a net margin of 14.76%. The firm had revenue of $12.23 million for the quarter, compared to analyst estimates of $11.90 million. As a group, equities research analysts forecast that Bank7 will post 1.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.40 annualized dividend and a yield of 4.04%. Bank7’s payout ratio is 20.41%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSVN. Bank of New York Mellon Corp acquired a new stake in shares of Bank7 in the fourth quarter worth $697,000. Renaissance Technologies LLC purchased a new stake in Bank7 during the 4th quarter worth $205,000. BlackRock Inc. boosted its position in Bank7 by 5.0% during the 1st quarter. BlackRock Inc. now owns 211,181 shares of the company’s stock worth $1,677,000 after purchasing an additional 10,024 shares during the period. State Street Corp increased its holdings in Bank7 by 2.3% in the 1st quarter. State Street Corp now owns 67,831 shares of the company’s stock valued at $545,000 after purchasing an additional 1,493 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Bank7 by 26.3% in the first quarter. JPMorgan Chase & Co. now owns 6,029 shares of the company’s stock valued at $47,000 after purchasing an additional 1,255 shares during the period. Institutional investors own 26.70% of the company’s stock.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers in Oklahoma, Kansas, and Texas. It accepts demand, savings, checking, money market, and negotiable order of withdrawal accounts, as well as certificates of deposit.

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