Analysts expect Bank7 Corp (NASDAQ:BSVN) to post $11.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Bank7’s earnings, with estimates ranging from $10.70 million to $12.30 million. Bank7 reported sales of $10.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The business is scheduled to report its next earnings results on Friday, July 24th.
On average, analysts expect that Bank7 will report full year sales of $45.95 million for the current financial year, with estimates ranging from $42.50 million to $49.40 million. For the next financial year, analysts expect that the firm will report sales of $44.05 million, with estimates ranging from $41.60 million to $46.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Bank7.
Bank7 (NASDAQ:BSVN) last posted its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. Bank7 had a net margin of 15.06% and a return on equity of 8.29%. The company had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $10.45 million.
A number of research firms have recently issued reports on BSVN. Piper Sandler lifted their target price on shares of Bank7 from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Stephens cut shares of Bank7 from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 12th. ValuEngine upgraded shares of Bank7 from a “sell” rating to a “hold” rating in a research note on Wednesday, March 4th. 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, TheStreet lowered shares of Bank7 from a “c-” rating to a “d” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Bank7 has a consensus rating of “Hold” and an average price target of $15.67.
Several institutional investors have recently modified their holdings of BSVN. JPMorgan Chase & Co. increased its holdings in shares of 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 in the last quarter. Barclays PLC increased its holdings in shares of Bank7 by 98.3% in the fourth quarter. Barclays PLC now owns 3,768 shares of the company’s stock valued at $71,000 after purchasing an additional 1,868 shares in the last quarter. Denali Advisors LLC acquired a new stake in shares of Bank7 in the fourth quarter valued at approximately $108,000. Renaissance Technologies LLC acquired a new stake in Bank7 during the 4th quarter worth $205,000. Finally, Acadian Asset Management LLC acquired a new stake in Bank7 during the 4th quarter worth $212,000. 29.00% of the stock is owned by institutional investors and hedge funds.
NASDAQ:BSVN opened at $8.97 on Friday. Bank7 has a 1 year low of $5.58 and a 1 year high of $20.04. The firm has a 50 day moving average of $8.28 and a 200-day moving average of $14.85. The stock has a market capitalization of $85.62 million, a P/E ratio of 10.94 and a beta of 2.29.
Bank7 Company Profile
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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