Piper Sandler Issues Positive Forecast for Bank7 (NASDAQ:BSVN) Stock Price

Bank7 (NASDAQ:BSVN) had its price target boosted by Piper Sandler from $53.00 to $55.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective would suggest a potential upside of 23.68% from the stock’s current price.

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday.

Bank7 Stock Down 0.1 %

Shares of BSVN traded down $0.03 during midday trading on Friday, reaching $44.47. 16,281 shares of the stock were exchanged, compared to its average volume of 24,241. The company has a market cap of $415.34 million, a price-to-earnings ratio of 11.72 and a beta of 1.47. Bank7 has a 12-month low of $24.50 and a 12-month high of $50.26. The firm has a 50 day simple moving average of $45.97 and a 200-day simple moving average of $41.21.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings data on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Bank7 had a net margin of 24.22% and a return on equity of 19.13%. Research analysts expect that Bank7 will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of Bank7

Institutional investors and hedge funds have recently modified their holdings of the company. Copeland Capital Management LLC bought a new position in Bank7 in the 3rd quarter worth $48,000. BNP Paribas Financial Markets grew its position in shares of Bank7 by 22.9% in the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock valued at $56,000 after purchasing an additional 280 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Bank7 in the third quarter worth about $86,000. Barclays PLC lifted its position in shares of Bank7 by 158.7% during the 3rd quarter. Barclays PLC now owns 12,953 shares of the company’s stock worth $486,000 after purchasing an additional 7,947 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Bank7 during the 3rd quarter valued at approximately $700,000. 23.48% of the stock is currently owned by institutional investors and hedge funds.

About Bank7

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.