Bank7 Corp (NASDAQ:BSVN) Given $24.00 Consensus Target Price by Brokerages

Bank7 Corp (NASDAQ:BSVN) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $24.00 for the company, according to Zacks. Zacks has also given Bank7 an industry rank of 156 out of 256 based on the ratings given to related companies.

Several research firms have recently issued reports on BSVN. Zacks Investment Research downgraded shares of Bank7 from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Stephens reaffirmed a “buy” rating and set a $24.00 price target on shares of Bank7 in a research note on Friday, September 6th.

Bank7 stock traded down $0.11 during mid-day trading on Friday, reaching $18.04. The company had a trading volume of 12,334 shares, compared to its average volume of 9,756. Bank7 has a fifty-two week low of $10.85 and a fifty-two week high of $20.74. The company has a market cap of $182.56 million and a P/E ratio of 7.39. The business has a fifty day simple moving average of $17.56 and a 200 day simple moving average of $17.23.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Friday, July 26th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $10.88 million for the quarter. Bank7 had a net margin of 44.09% and a return on equity of 25.13%. Sell-side analysts predict that Bank7 will post 1.94 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Monday, September 30th.

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new position in shares of Bank7 during the fourth quarter valued at $59,000. Acadian Asset Management LLC raised its stake in shares of Bank7 by 83.7% during the second quarter. Acadian Asset Management LLC now owns 10,885 shares of the company’s stock valued at $202,000 after acquiring an additional 4,960 shares during the last quarter. Geode Capital Management LLC bought a new position in shares of Bank7 during the fourth quarter valued at $158,000. Northern Trust Corp raised its stake in shares of Bank7 by 3.0% during the second quarter. Northern Trust Corp now owns 36,666 shares of the company’s stock valued at $678,000 after acquiring an additional 1,075 shares during the last quarter. Finally, ELCO Management Co. LLC raised its stake in shares of Bank7 by 131.7% during the first quarter. ELCO Management Co. LLC now owns 68,915 shares of the company’s stock valued at $1,197,000 after acquiring an additional 39,176 shares during the last quarter. 33.35% of the stock is owned by hedge funds and other institutional investors.

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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