Bank7 Corp. (NASDAQ:BSVN) Sees Large Increase in Short Interest

Bank7 Corp. (NASDAQ:BSVN) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 25,800 shares, an increase of 7.1% from the May 31st total of 24,100 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 12,100 shares, the short-interest ratio is currently 2.1 days.

Bank7 Stock Performance

Shares of Bank7 stock traded up $0.26 during trading on Tuesday, reaching $31.04. The company’s stock had a trading volume of 6,070 shares, compared to its average volume of 13,294. The business’s fifty day moving average price is $29.45 and its 200-day moving average price is $27.95. The firm has a market cap of $287.12 million, a price-to-earnings ratio of 9.61 and a beta of 1.49. Bank7 has a one year low of $19.53 and a one year high of $31.99.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Friday, April 12th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. Bank7 had a return on equity of 17.61% and a net margin of 21.70%. The firm had revenue of $24.02 million for the quarter, compared to analyst estimates of $26.10 million. Sell-side analysts anticipate that Bank7 will post 4.12 EPS for the current year.

Bank7 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 20th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.84 annualized dividend and a yield of 2.71%. Bank7’s dividend payout ratio is 26.01%.

Insider Activity at Bank7

In other Bank7 news, CEO Thomas L. Travis sold 7,500 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $27.00, for a total value of $202,500.00. Following the completion of the sale, the chief executive officer now owns 288,271 shares of the company’s stock, valued at $7,783,317. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Henry Litchfield sold 2,259 shares of Bank7 stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $30.03, for a total value of $67,837.77. Following the transaction, the vice president now directly owns 12,302 shares in the company, valued at $369,429.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Travis sold 7,500 shares of Bank7 stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $27.00, for a total value of $202,500.00. Following the completion of the transaction, the chief executive officer now owns 288,271 shares in the company, valued at $7,783,317. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,049 shares of company stock valued at $339,450. Insiders own 41.92% of the company’s stock.

Hedge Funds Weigh In On Bank7

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Bank7 by 39.6% during the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock valued at $62,000 after purchasing an additional 627 shares in the last quarter. Barclays PLC boosted its holdings in Bank7 by 30.7% during the third quarter. Barclays PLC now owns 3,699 shares of the company’s stock valued at $83,000 after purchasing an additional 868 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Bank7 by 15.3% during the third quarter. Hsbc Holdings PLC now owns 12,882 shares of the company’s stock valued at $295,000 after purchasing an additional 1,711 shares in the last quarter. Empowered Funds LLC boosted its holdings in Bank7 by 7.8% during the first quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock valued at $818,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Bank7 by 12.5% during the first quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock valued at $548,000 after purchasing an additional 2,156 shares in the last quarter. 23.48% of the stock is currently owned by institutional investors.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.