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

Key Points

• Keefe, Bruyette & Woods has lowered the price target for Bank7 stock from $54.00 to $53.00, while maintaining an "outperform" rating which suggests a potential upside of 16.25%.
• Bank7 reported a quarterly earnings per share of $1.13, surpassing analysts' expectations, with revenue of $29.27 million, outpacing predictions significantly.
• Insider selling activity was noted, including a transaction where CEO Thomas L. Travis sold 13,084 shares of the stock, resulting in a decrease of 4.37% in his ownership stake.

Bank7 (NASDAQ:BSVN - Get Free Report) had its price objective lowered by equities research analysts at Keefe, Bruyette & Woods from $54.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 16.25% from the stock's previous close.

A number of other research firms have also recently weighed in on BSVN. Piper Sandler boosted their price objective on shares of Bank7 from $50.50 to $55.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Zacks Research cut shares of Bank7 from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Bank7 in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Bank7 presently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Bank7 Stock Performance

Shares of BSVN opened at $45.59 on Thursday. The company's fifty day moving average is $47.11 and its 200 day moving average is $42.47. Bank7 has a fifty-two week low of $32.49 and a fifty-two week high of $50.26. The stock has a market capitalization of $430.87 million, a PE ratio of 9.83 and a beta of 1.13.

Bank7 (NASDAQ:BSVN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.10. Bank7 had a net margin of 31.99% and a return on equity of 20.36%. The business had revenue of $29.27 million for the quarter, compared to analysts' expectations of $24.35 million. During the same quarter in the previous year, the business posted $1.24 earnings per share. As a group, research analysts forecast that Bank7 will post 4.06 earnings per share for the current year.

Insider Activity

In other Bank7 news, VP Jason E. Estes sold 1,879 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $47.58, for a total transaction of $89,402.82. Following the completion of the sale, the vice president directly owned 75,961 shares of the company's stock, valued at approximately $3,614,224.38. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas L. Travis sold 13,084 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total transaction of $645,826.24. Following the sale, the chief executive officer directly owned 286,293 shares of the company's stock, valued at approximately $14,131,422.48. The trade was a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,416 shares of company stock valued at $806,150. Insiders own 25.81% of the company's stock.

Hedge Funds Weigh In On Bank7

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC raised its position in shares of Bank7 by 13.0% in the 1st quarter. Hsbc Holdings PLC now owns 23,641 shares of the company's stock valued at $922,000 after purchasing an additional 2,720 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Bank7 by 11.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company's stock valued at $1,164,000 after purchasing an additional 3,145 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Bank7 by 30.0% in the 1st quarter. Russell Investments Group Ltd. now owns 25,451 shares of the company's stock valued at $986,000 after purchasing an additional 5,870 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Bank7 by 8,105.9% in the 1st quarter. GAMMA Investing LLC now owns 1,395 shares of the company's stock valued at $54,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Bank7 by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 12,304 shares of the company's stock valued at $477,000 after purchasing an additional 750 shares during the last quarter. 23.48% of the stock is owned by hedge funds and other institutional investors.

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.

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