Bank7 Corp. (NASDAQ:BSVN) Short Interest Update

Bank7 Corp. (NASDAQ:BSVN) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 45,883 shares, an increase of 23.4% from the February 26th total of 37,175 shares. Based on an average daily volume of 8,992 shares, the days-to-cover ratio is presently 5.1 days. Approximately 0.8% of the company’s shares are short sold.

Insider Activity

In other news, CFO Kelly J. Harris sold 4,500 shares of Bank7 stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $45.75, for a total transaction of $205,875.00. Following the completion of the sale, the chief financial officer owned 12,756 shares of the company’s stock, valued at approximately $583,587. The trade was a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 41.92% of the company’s stock.

Institutional Investors Weigh In On Bank7

Several institutional investors and hedge funds have recently made changes to their positions in BSVN. AQR Capital Management LLC purchased a new stake in shares of Bank7 in the 1st quarter valued at $227,000. Goldman Sachs Group Inc. lifted its position in Bank7 by 11.7% during the first quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company’s stock valued at $1,164,000 after purchasing an additional 3,145 shares during the period. Geode Capital Management LLC lifted its position in Bank7 by 2.5% during the second quarter. Geode Capital Management LLC now owns 101,428 shares of the company’s stock valued at $4,243,000 after purchasing an additional 2,442 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in Bank7 in the second quarter valued at $38,000. Finally, JPMorgan Chase & Co. boosted its holdings in Bank7 by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock valued at $534,000 after purchasing an additional 245 shares during the last quarter. 23.48% of the stock is currently owned by institutional investors and hedge funds.

Bank7 Trading Up 0.5%

Shares of NASDAQ:BSVN traded up $0.20 during trading on Tuesday, reaching $39.97. The stock had a trading volume of 5,425 shares, compared to its average volume of 11,615. The firm’s 50-day simple moving average is $42.26 and its 200 day simple moving average is $43.01. Bank7 has a one year low of $32.49 and a one year high of $50.10. The company has a market capitalization of $380.51 million, a P/E ratio of 8.90 and a beta of 0.96.

Bank7 (NASDAQ:BSVN) last posted its earnings results on Thursday, January 15th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. The company had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $24.10 million. Bank7 had a net margin of 31.38% and a return on equity of 18.21%. Equities research analysts forecast that Bank7 will post 4.06 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.08 dividend on an annualized basis and a yield of 2.7%. Bank7’s dividend payout ratio is presently 24.05%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank7 in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.00.

Bank7 Company Profile

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.