Short Interest in Bank7 Corp. (NASDAQ:BSVN) Rises By 21.8%

Bank7 Corp. (NASDAQ:BSVN) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 69,300 shares, a growth of 21.8% from the November 15th total of 56,900 shares. Based on an average daily volume of 24,900 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Bank7

Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Bank7 in the third quarter valued at about $700,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Bank7 by 44.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,171 shares of the company’s stock worth $906,000 after purchasing an additional 7,414 shares in the last quarter. Vanguard Group Inc. increased its stake in Bank7 by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 221,768 shares of the company’s stock valued at $6,254,000 after buying an additional 2,817 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Bank7 during the 2nd quarter worth approximately $831,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Bank7 in the 3rd quarter worth approximately $1,378,000. 23.48% of the stock is owned by hedge funds and other institutional investors.

Bank7 Price Performance

Shares of NASDAQ BSVN traded down $0.70 during mid-day trading on Friday, reaching $45.16. 13,152 shares of the company’s stock traded hands, compared to its average volume of 18,151. The business has a 50-day simple moving average of $44.48 and a 200 day simple moving average of $38.80. The stock has a market cap of $421.88 million, a P/E ratio of 11.88 and a beta of 1.47. Bank7 has a 1-year low of $24.45 and a 1-year high of $49.42.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Friday, October 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.17. The business had revenue of $24.89 million during the quarter, compared to the consensus estimate of $24.00 million. Bank7 had a return on equity of 19.13% and a net margin of 24.22%. Equities research analysts anticipate that Bank7 will post 4.57 earnings per share for the current fiscal year.

Bank7 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, December 20th. Bank7’s payout ratio is currently 25.26%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their price objective on Bank7 from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

Bank7 Company Profile

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.