Bank7 (NASDAQ:BSVN) Given New $55.00 Price Target at Piper Sandler

Bank7 (NASDAQ:BSVN - Get Free Report) had its price target raised by investment analysts at Piper Sandler from $50.50 to $55.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target would suggest a potential upside of 18.43% from the stock's current price.

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Bank7 from $50.00 to $47.00 and set an "outperform" rating for the company in a research report on Friday, April 11th.

Bank7 Stock Performance

NASDAQ:BSVN opened at $46.44 on Friday. Bank7 has a fifty-two week low of $32.49 and a fifty-two week high of $50.26. The stock has a fifty day moving average price of $40.53 and a 200-day moving average price of $40.34. The company has a market cap of $438.86 million, a price-to-earnings ratio of 9.86 and a beta of 1.08.

Bank7 (NASDAQ:BSVN - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $24.44 million during the quarter, compared to analysts' expectations of $22.70 million. Bank7 had a return on equity of 21.57% and a net margin of 32.03%. Research analysts predict that Bank7 will post 4.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Bank7

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in Bank7 by 34.2% during the 4th quarter. Ameriprise Financial Inc. now owns 23,374 shares of the company's stock worth $1,091,000 after purchasing an additional 5,952 shares during the last quarter. GAMMA Investing LLC grew its stake in Bank7 by 8,105.9% in the first quarter. GAMMA Investing LLC now owns 1,395 shares of the company's stock valued at $54,000 after acquiring an additional 1,378 shares during the period. Nuveen Asset Management LLC purchased a new position in shares of Bank7 during the 4th quarter valued at $201,000. JPMorgan Chase & Co. raised its stake in shares of Bank7 by 674.6% during the 4th quarter. JPMorgan Chase & Co. now owns 13,370 shares of the company's stock valued at $624,000 after purchasing an additional 11,644 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of Bank7 during the 4th quarter valued at about $264,000. Institutional investors and hedge funds 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.

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