Bank7 Corp. (NASDAQ:BSVN) Short Interest Update

Bank7 Corp. (NASDAQ:BSVN) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 80,300 shares, a drop of 11.4% from the January 15th total of 90,600 shares. Based on an average daily trading volume, of 26,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Bank7

Several institutional investors have recently added to or reduced their stakes in BSVN. R Squared Ltd purchased a new position in Bank7 during the 4th quarter valued at approximately $30,000. Copeland Capital Management LLC purchased a new position in shares of Bank7 in the 3rd quarter worth approximately $48,000. BNP Paribas Financial Markets increased its position in shares of Bank7 by 22.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock valued at $56,000 after purchasing an additional 280 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Bank7 during the 3rd quarter valued at approximately $86,000. Finally, Wells Fargo & Company MN increased its position in shares of Bank7 by 30.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,333 shares of the company’s stock valued at $109,000 after purchasing an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 23.48% of the company’s stock.

Bank7 Trading Down 0.1 %

BSVN traded down $0.03 on Monday, hitting $43.17. 8,657 shares of the company’s stock traded hands, compared to its average volume of 20,641. The company’s 50 day simple moving average is $44.31 and its 200-day simple moving average is $42.38. The firm has a market cap of $403.21 million, a price-to-earnings ratio of 8.92 and a beta of 1.46. Bank7 has a one year low of $26.07 and a one year high of $50.26.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. As a group, equities analysts anticipate that Bank7 will post 4.06 EPS for the current fiscal year.

Bank7 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, December 20th. Bank7’s dividend payout ratio is presently 19.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler raised their price objective on Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Keefe, Bruyette & Woods decreased their target price on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th.

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.