Bank7 Corp. intends to grow organically by opening branches and pursuing strategic acquisitions
Company says strong capital, robust liquidity and solid net interest margin support outlook
Overview
U.S. regional bank's Q2 net income and EPS fell, both missing analyst expectations
Quarter included non-recurring loss on sale of energy assets after loan loss recovery
Net interest income and margin were stable; total loans and assets increased yr/yr
Result drivers
Energy asset sale - Co said Q2 included a non-recurring loss on sale of energy assets after recovery on a previously charged-off energy loan
Stable net interest margin - Co cited a solid net interest margin as a positive factor for the quarter
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Bank7 Corp is $54.00, about 4.2% above its July 15 closing price of $51.80
BSVN•
