Bank7 price target raised to $46 from $40 at Stephens

Stephens raised the firm’s price target on Bank7 to $46 from $40 and keeps an Equal Weight rating on the shares. Q3 core net interest income trends were relatively in line with the firm’s forecast as strong loan growth was offset by core margin headwinds, says the analyst, who expect cores pre-provision net revenue, or PPNR, trends to “move sideways over the next few quarters,” but expects positive PPNR growth trends to resume by mid-2025.