Keefe, Bruyette & Woods Cuts Bank7 (NASDAQ:BSVN) Price Target to $52.00

Bank7 (NASDAQ:BSVN) had its target price decreased by Keefe, Bruyette & Woods from $53.00 to $52.00 in a research report sent to investors on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Bank7 Stock Performance

BSVN opened at $44.40 on Friday. Bank7 has a fifty-two week low of $24.50 and a fifty-two week high of $50.26. The company has a fifty day moving average of $45.96 and a two-hundred day moving average of $41.45. The stock has a market capitalization of $414.70 million, a price-to-earnings ratio of 11.68 and a beta of 1.47.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings data on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 24.22% and a return on equity of 19.13%. On average, equities research analysts forecast that Bank7 will post 4.57 earnings per share for the current year.

Bank7 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.16%. Bank7’s payout ratio is 25.26%.

Institutional Trading of Bank7

Institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC purchased a new stake in shares of Bank7 during the third quarter worth about $48,000. BNP Paribas Financial Markets increased its stake in shares of Bank7 by 22.9% during the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after purchasing an additional 280 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Bank7 during the third quarter worth about $86,000. Barclays PLC increased its stake in shares of Bank7 by 158.7% during the third quarter. Barclays PLC now owns 12,953 shares of the company’s stock worth $486,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Bank7 during the third quarter worth about $700,000. Hedge funds and other institutional investors 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.