Bank7 (NASDAQ:BSVN) Given New $47.00 Price Target at Keefe, Bruyette & Woods

Bank7 (NASDAQ:BSVN) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $50.00 to $47.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 36.03% from the stock’s previous close.

Separately, Piper Sandler upped their target price on Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th.

Bank7 Stock Down 2.3 %

Shares of NASDAQ BSVN opened at $34.55 on Friday. The stock has a market cap of $326.43 million, a P/E ratio of 7.14 and a beta of 1.15. The firm’s 50-day simple moving average is $39.79 and its 200 day simple moving average is $42.50. Bank7 has a fifty-two week low of $26.07 and a fifty-two week high of $50.26.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, April 10th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. The company had revenue of $22.60 million for the quarter, compared to the consensus estimate of $22.58 million. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. During the same period in the previous year, the firm earned $1.21 EPS. On average, sell-side analysts anticipate that Bank7 will post 4.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank7

In other Bank7 news, insider Douglas A. Haines bought 1,433 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of $39.91 per share, for a total transaction of $57,191.03. Following the acquisition, the insider now directly owns 18,542 shares of the company’s stock, valued at $740,011.22. This trade represents a 8.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, VP Henry Litchfield sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $41.54, for a total transaction of $207,700.00. Following the sale, the vice president now directly owns 13,375 shares of the company’s stock, valued at approximately $555,597.50. This represents a 27.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 41.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bank7

A number of hedge funds have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Bank7 during the fourth quarter valued at $30,000. GAMMA Investing LLC raised its holdings in Bank7 by 8,105.9% during the 1st quarter. GAMMA Investing LLC now owns 1,395 shares of the company’s stock worth $54,000 after buying an additional 1,378 shares during the period. BNP Paribas Financial Markets raised its holdings in Bank7 by 22.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after buying an additional 280 shares during the period. Virtus Investment Advisers Inc. purchased a new stake in Bank7 during the fourth quarter valued at about $98,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Bank7 by 30.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,333 shares of the company’s stock worth $109,000 after buying an additional 540 shares during the period. 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.