Keefe, Bruyette & Woods Has Lowered Expectations for Bank7 (NASDAQ:BSVN) Stock Price

Bank7 (NASDAQ:BSVN) had its target price cut by Keefe, Bruyette & Woods from $50.00 to $47.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Piper Sandler boosted their price target 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 %

NASDAQ BSVN opened at $34.55 on Friday. The firm has a market cap of $326.43 million, a PE ratio of 7.14 and a beta of 1.15. Bank7 has a 52 week low of $26.07 and a 52 week high of $50.26. The company has a 50 day moving average price of $39.79 and a 200 day moving average price of $42.53.

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

Bank7 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 20th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, March 20th. Bank7’s dividend payout ratio (DPR) is currently 20.38%.

Insiders Place Their Bets

In other Bank7 news, 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 in the company, valued at $555,597.50. This represents a 27.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas A. Haines acquired 1,433 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $39.91 per share, for a total transaction of $57,191.03. Following the transaction, the insider now directly owns 18,542 shares of the company’s stock, valued at approximately $740,011.22. This trade represents a 8.38 % increase in their position. The disclosure for this purchase can be found here. 44.01% of the stock is owned by insiders.

Hedge Funds Weigh In On Bank7

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Bank7 by 158.7% during the 3rd quarter. Barclays PLC now owns 12,953 shares of the company’s stock worth $486,000 after acquiring an additional 7,947 shares in the last quarter. Inspire Investing LLC acquired a new position in Bank7 in the fourth quarter valued at approximately $893,000. State Street Corp increased its stake in Bank7 by 10.4% in the third quarter. State Street Corp now owns 47,430 shares of the company’s stock valued at $1,789,000 after purchasing an additional 4,465 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Bank7 by 22.9% during the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after purchasing an additional 280 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $3,610,000 after buying an additional 1,633 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

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.