Bank7 (NASDAQ:BSVN) Price Target Raised to $55.00 at Piper Sandler

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

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

Bank7 Stock Performance

Shares of Bank7 stock opened at $44.40 on Friday. The company has a market capitalization of $414.70 million, a P/E ratio of 11.68 and a beta of 1.47. The company has a fifty day moving average of $45.96 and a 200 day moving average of $41.45. Bank7 has a fifty-two week low of $24.50 and a fifty-two week high of $50.26.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, topping 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%. Analysts forecast that Bank7 will post 4.57 EPS for the current year.

Bank7 Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, December 20th. Bank7’s dividend payout ratio (DPR) is presently 25.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Bank7 by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock valued at $3,610,000 after purchasing an additional 1,633 shares during the last quarter. State Street Corp lifted its holdings in shares of Bank7 by 10.4% in the 3rd quarter. State Street Corp now owns 47,430 shares of the company’s stock valued at $1,789,000 after acquiring an additional 4,465 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Bank7 by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company’s stock valued at $1,206,000 after acquiring an additional 1,478 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Bank7 in the 3rd quarter valued at about $1,378,000. Finally, Empowered Funds LLC lifted its holdings in shares of Bank7 by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,608 shares during the last quarter. Institutional investors own 23.48% of the company’s stock.

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.