Bank7 (NASDAQ:BSVN) had its price target lifted by Piper Sandler from $13.00 to $13.50 in a research report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the stock. Piper Sandler also issued estimates for Bank7’s Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.32 EPS, FY2020 earnings at $1.75 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.27 EPS, Q3 2021 earnings at $0.27 EPS, Q4 2021 earnings at $0.29 EPS and FY2021 earnings at $1.11 EPS.
A number of other equities analysts also recently issued reports on BSVN. Keefe, Bruyette & Woods downgraded Bank7 from an outperform rating to a market perform rating in a report on Wednesday, April 1st. Stephens cut shares of Bank7 from an overweight rating to an equal weight rating in a report on Tuesday, May 12th. Finally, Zacks Investment Research lowered shares of Bank7 from a buy rating to a hold rating in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $13.17.
Shares of BSVN stock opened at $9.91 on Wednesday. The company has a market cap of $91.43 million, a P/E ratio of 11.39 and a beta of 2.26. The firm has a fifty day moving average price of $10.30 and a 200 day moving average price of $11.83. Bank7 has a 12 month low of $5.58 and a 12 month high of $20.04.
Bank7 (NASDAQ:BSVN) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.22. Bank7 had a return on equity of 8.19% and a net margin of 14.76%. The company had revenue of $12.23 million during the quarter, compared to the consensus estimate of $11.90 million. As a group, equities analysts expect that Bank7 will post 1.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Wednesday, June 24th. Bank7’s dividend payout ratio is currently 20.41%.
Several institutional investors and hedge funds have recently made changes to their positions in BSVN. State Street Corp increased its holdings in shares of Bank7 by 2.3% in the 1st quarter. State Street Corp now owns 67,831 shares of the company’s stock valued at $545,000 after acquiring an additional 1,493 shares during the period. JPMorgan Chase & Co. increased its stake in Bank7 by 26.3% in the first quarter. JPMorgan Chase & Co. now owns 6,029 shares of the company’s stock valued at $47,000 after purchasing an additional 1,255 shares during the period. BlackRock Inc. raised its holdings in shares of Bank7 by 5.0% in the first quarter. BlackRock Inc. now owns 211,181 shares of the company’s stock valued at $1,677,000 after buying an additional 10,024 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Bank7 in the fourth quarter valued at about $697,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Bank7 during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 26.70% 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 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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