Analysts Set Bank7 Corp (NASDAQ:BSVN) Target Price at $12.00

Bank7 Corp (NASDAQ:BSVN) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.00.

Several analysts recently issued reports on BSVN shares. Zacks Investment Research raised Bank7 from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Tuesday, June 2nd. Stephens downgraded Bank7 from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods downgraded Bank7 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 1st. Piper Sandler lifted their target price on Bank7 from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, TheStreet downgraded Bank7 from a “c-” rating to a “d” rating in a research note on Thursday, March 12th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Bank7 by 26.3% in the 1st quarter. JPMorgan Chase & Co. now owns 6,029 shares of the company’s stock worth $47,000 after buying an additional 1,255 shares in the last quarter. State Street Corp raised its stake in shares of Bank7 by 2.3% in the 1st quarter. State Street Corp now owns 67,831 shares of the company’s stock worth $545,000 after buying an additional 1,493 shares in the last quarter. Barclays PLC raised its stake in shares of Bank7 by 98.3% in the 4th quarter. Barclays PLC now owns 3,768 shares of the company’s stock worth $71,000 after buying an additional 1,868 shares in the last quarter. BlackRock Inc. raised its stake in shares of Bank7 by 5.0% in the 1st quarter. BlackRock Inc. now owns 211,181 shares of the company’s stock worth $1,677,000 after buying an additional 10,024 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Bank7 in the 4th quarter worth $205,000. 26.70% of the stock is currently owned by institutional investors.

Shares of NASDAQ:BSVN traded down $0.93 during mid-day trading on Tuesday, hitting $10.68. 21,700 shares of the company traded hands, compared to its average volume of 23,253. The firm has a market cap of $107.12 million, a P/E ratio of 13.02 and a beta of 2.25. Bank7 has a 52-week low of $5.58 and a 52-week high of $20.04. The firm’s 50 day simple moving average is $10.22 and its 200 day simple moving average is $13.21.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.14. The firm had revenue of $11.76 million during the quarter, compared to analyst estimates of $10.45 million. Bank7 had a return on equity of 8.29% and a net margin of 15.06%. On average, equities analysts expect that Bank7 will post 1.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, June 24th. Bank7’s dividend payout ratio is presently 20.41%.

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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