Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Bank7 (NASDAQ:BSVN) Stock

Bank7 (NASDAQ:BSVN) had its target price hoisted by Keefe, Bruyette & Woods from $45.00 to $53.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.93% from the company’s current price.

Bank7 Stock Performance

Bank7 stock opened at $47.35 on Wednesday. The company has a market capitalization of $442.25 million, a price-to-earnings ratio of 12.46 and a beta of 1.47. The company’s 50 day simple moving average is $43.42 and its 200-day simple moving average is $38.01. Bank7 has a 1 year low of $23.90 and a 1 year high of $49.42.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Friday, October 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.17. Bank7 had a return on equity of 19.13% and a net margin of 24.22%. The company had revenue of $24.89 million for the quarter, compared to analyst estimates of $24.00 million. Equities analysts expect that Bank7 will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On Bank7

Several institutional investors have recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new position in shares of Bank7 in the third quarter valued at approximately $48,000. BNP Paribas Financial Markets increased its stake in Bank7 by 22.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after buying an additional 280 shares during the period. MetLife Investment Management LLC acquired a new stake in Bank7 during the 3rd quarter worth approximately $86,000. Barclays PLC boosted its position in Bank7 by 158.7% in the 3rd quarter. Barclays PLC now owns 12,953 shares of the company’s stock valued at $486,000 after buying an additional 7,947 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Bank7 in the third quarter worth $700,000. 23.48% of the stock is owned by institutional investors and hedge funds.

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.