Jul. 12 at 10:41 AM
$BSVN Bank7 price target raised to
$40 from
$37 at Piper Sandler
Piper Sandler raised the firm's price target on Bank7 to
$40 from
$37 and keeps an Overweight rating on the shares. Bank7's Q2 results were solid aside from the culmination of credit noise tied to an idiosyncratic energy-related asset that management has proactively been working through since 2H23, the analyst tells investors in a research note. The firm sees future expected multiple expansion above peers via its more defensible top tier return profile aided by attractive risk-adjusted organic balance growth largely via share gains and consistently more benign net chargeoff levels.
