Bank7 (NASDAQ:BSVN) Stock Price Expected to Rise, Piper Sandler Analyst Says

Bank7 (NASDAQ:BSVN) had its price target boosted by Piper Sandler from $53.00 to $55.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, Keefe, Bruyette & Woods cut their price target on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Friday.

Bank7 Stock Performance

Shares of NASDAQ BSVN opened at $44.40 on Friday. The firm has a market cap of $414.70 million, a price-to-earnings ratio of 11.68 and a beta of 1.47. Bank7 has a 1 year low of $24.50 and a 1 year high of $50.26. The stock’s 50-day simple moving average is $45.96 and its 200-day simple moving average is $41.30.

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

Bank7 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, December 20th. Bank7’s dividend payout ratio is presently 25.26%.

Institutional Investors Weigh In On Bank7

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Bank7 by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company’s stock worth $1,206,000 after purchasing an additional 1,478 shares during the period. Inspire Investing LLC bought a new position in shares of Bank7 in the 2nd quarter worth about $831,000. Copeland Capital Management LLC acquired a new position in shares of Bank7 in the 3rd quarter valued at about $48,000. Los Angeles Capital Management LLC acquired a new position in shares of Bank7 in the 3rd quarter valued at about $700,000. Finally, Empowered Funds LLC grew its position in shares of Bank7 by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock valued at $1,228,000 after buying an additional 1,608 shares during the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

Bank7 Company Profile

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.