Bank7 (NASDAQ:BSVN – Get Free Report) had its price objective boosted by research analysts at Keefe, Bruyette & Woods from $54.00 to $56.00 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’ target price indicates a potential upside of 9.89% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Piper Sandler raised their target price on shares of Bank7 from $55.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Zacks Research downgraded shares of Bank7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Bank7 has a consensus rating of “Moderate Buy” and an average price target of $58.50.
Check Out Our Latest Stock Analysis on BSVN
Bank7 Stock Up 0.9%
Bank7 (NASDAQ:BSVN – Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.16). Bank7 had a net margin of 30.36% and a return on equity of 16.74%. The company had revenue of $22.91 million for the quarter, compared to analysts’ expectations of $23.86 million. As a group, analysts anticipate that Bank7 will post 4.26 earnings per share for the current year.
Insider Buying and Selling at Bank7
In related news, EVP Darrell Lee Jr. Mathews sold 1,000 shares of Bank7 stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the completion of the sale, the executive vice president owned 6,497 shares of the company’s stock, valued at approximately $279,371. This trade represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas A. Haines sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $44.07, for a total value of $44,070.00. Following the completion of the transaction, the insider owned 16,647 shares in the company, valued at $733,633.29. This trade represents a 5.67% decrease in their position. The SEC filing for this sale provides additional information. 25.71% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Bank7
Several large investors have recently made changes to their positions in BSVN. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Bank7 in the 3rd quarter valued at $3,312,000. Invesco Ltd. acquired a new position in Bank7 during the second quarter worth $2,803,000. Mink Brook Asset Management LLC increased its position in Bank7 by 4.4% during the fourth quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company’s stock worth $19,343,000 after buying an additional 20,035 shares during the last quarter. Sei Investments Co. increased its position in Bank7 by 91.2% during the first quarter. Sei Investments Co. now owns 41,174 shares of the company’s stock worth $1,642,000 after buying an additional 19,641 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Bank7 by 137.9% during the fourth quarter. Millennium Management LLC now owns 21,997 shares of the company’s stock valued at $901,000 after buying an additional 12,749 shares in the last quarter. Institutional investors own 23.48% of the company’s stock.
Bank7 News Summary
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.
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