Piper ups Bank7 target, calls selloff ‘unwarranted and perplexing’

Piper Sandler raised the firm’s price target on Bank7 (BSVN) to $55 from $53 and keeps an Overweight rating on the shares. The firm says the stock’s underperformance post earnings was “unwarranted and perplexing” given the “generally strong” Q4 results and consistent outlook. Piper views Bank7’s current discounted valuation as an attractive entry point given the bank’s “solid” organic balance sheet growth prospects, “benign” credit outlook, and ability to compound book value growth faster than peers.