Bank7 (NASDAQ:BSVN) Stock Rating Reaffirmed by Stephens

Bank7 (NASDAQ:BSVN)‘s stock had its “buy” rating reaffirmed by Stephens in a report issued on Monday, July 29th, reports. They presently have a $24.00 price target on the stock. Stephens’ target price indicates a potential upside of 45.28% from the stock’s previous close.

The analysts wrote, “We maintain our Overweight rating. KEY EPS Beat; Increasing EPS Forecast. BSVN reported 2Q19 EPS of $0.50, compared to consensus forecast of $0.45. The EPS beat was driven by reported NII of $10.6 (+$0.02 relatively to Street) and lower LLP expense (+$0.03). PPNR of $6.8 million was modestly above consensus forecast of $6.6 million. Excluding loan fees (which can be lumpy), the PPNR would have been $5.4 million, in line with our forecast of $5.4 million. We are increasing our 2019 EPS estimate from $1.87 to $1.94 and increasing our 2020 EPS estimate of $1.90 to $1.97. Excellent Loan Growth.””

Separately, Zacks Investment Research raised Bank7 from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, June 5th.

NASDAQ:BSVN traded down $0.08 during midday trading on Monday, hitting $16.52. 1,648 shares of the stock were exchanged, compared to its average volume of 9,780. Bank7 has a one year low of $10.85 and a one year high of $20.74. The company has a market capitalization of $176.75 million and a price-to-earnings ratio of 6.77. The business has a 50-day moving average price of $17.81 and a two-hundred day moving average price of $17.13.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Friday, July 26th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Bank7 had a return on equity of 25.13% and a net margin of 44.09%. The firm had revenue of $10.88 million for the quarter. As a group, analysts forecast that Bank7 will post 1.94 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp grew its position in Bank7 by 3.0% in the second quarter. Northern Trust Corp now owns 36,666 shares of the company’s stock worth $678,000 after buying an additional 1,075 shares during the last quarter. American International Group Inc. purchased a new position in Bank7 during the 4th quarter worth approximately $30,000. Stifel Financial Corp grew its position in Bank7 by 15.1% during the 4th quarter. Stifel Financial Corp now owns 23,225 shares of the company’s stock worth $310,000 after purchasing an additional 3,043 shares in the last quarter. Deutsche Bank AG purchased a new position in Bank7 during the 4th quarter worth approximately $59,000. Finally, Acadian Asset Management LLC grew its position in Bank7 by 83.7% during the 2nd quarter. Acadian Asset Management LLC now owns 10,885 shares of the company’s stock worth $202,000 after purchasing an additional 4,960 shares in the last quarter. Hedge funds and other institutional investors own 33.81% of the company’s stock.

About Bank7

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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