Stephens analyst Matt Olney reiterated a Buy rating on Bank7 Corp (BSVN) yesterday and set a price target of $24. The company’s shares closed last Monday at $17.70.
Olney observed:
“We are not surprised to see Bank7 return capital to shareholders through a dividend as their ROA of >2.00% is among the best in the country for community banks. We view the stock buyback as a tool in the tool-belt that can provide downside protection from current levels. We continue to believe the Bank will remain acquisitive and M&A remains the primary capital deployment strategy. We reiterate our Overweight rating and our $24 price target and believe current valuation (8.9x 2020 EPS and 1.86x tbv) does not reflect its excellent profitability.”
According to TipRanks.com, Olney is a 1-star analyst with an average return of -1.3% and a 37.6% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
Currently, the analyst consensus on Bank7 Corp is a Moderate Buy with an average price target of $24.
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Based on Bank7 Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $5.13 million. In comparison, last year the company had a net profit of $6.38 million.
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Bank7 Corp. operates as bank holding company which engages in the ownership and management of the Bank7. It offers banking and financial services to individual and corporate customers located in Oklahoma, Kansas, and Texas. The company was founded by William B. Haines in 2004 and is headquartered in Oklahoma City, OK.
