Bank7 climbs after co emerges as successful bidder for Century Financial
BUZZ-Bank7 climbs after co emerges as successful bidder for Century Financial ** Community lender Bank7's BSVN.O shares rise 7.8% to $56.56
** BSVN late Thursday announced it was named successful bidder for a 71% controlling stake in New Mexico-based Century Financial Services
** Century Financial, which operates nine branches across New Mexico, is being sold through a court-supervised sale process
** Purchase purchase is $91 million for Century Financial
** Piper Sandler analyst Nathan Race says deal is a highly attractive deployment of BSVN's excess capital
** "We believe this announcement is a meaningful catalyst and reiterate BSVN at overweight," Race said
** 2 of 3 brokerages rate the stock "buy" and 1 "hold"; median PT $56 - data compiled by LSEG
** As of last close, BSVN shares up 28% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)