Bank7 Corp. (NASDAQ:BSVN) Short Interest Up 60.5% in July

Bank7 Corp. (NASDAQ:BSVN) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 73,200 shares, an increase of 60.5% from the July 15th total of 45,600 shares. Based on an average trading volume of 19,800 shares, the days-to-cover ratio is currently 3.7 days. Currently, 2.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their price objective on Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, July 12th.

Bank7 Price Performance

Shares of BSVN stock traded down $0.36 on Friday, hitting $38.29. 13,364 shares of the stock traded hands, compared to its average volume of 15,929. The firm has a market cap of $354.11 million, a price-to-earnings ratio of 11.17 and a beta of 1.49. The firm has a 50 day simple moving average of $34.27 and a two-hundred day simple moving average of $30.28. Bank7 has a 52 week low of $19.53 and a 52 week high of $42.40.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Thursday, July 11th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.00 by $0.23. Bank7 had a return on equity of 18.36% and a net margin of 22.22%. The business had revenue of $24.40 million for the quarter, compared to the consensus estimate of $23.20 million. During the same period in the previous year, the business earned $1.05 earnings per share. Sell-side analysts forecast that Bank7 will post 4.33 EPS for the current year.

Bank7 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Thursday, September 26th will be issued a dividend of $0.24 per share. This is a positive change from Bank7’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, September 26th. Bank7’s dividend payout ratio (DPR) is 28.15%.

Insider Buying and Selling at Bank7

In other news, VP Jason E. Estes sold 4,964 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $37.18, for a total transaction of $184,561.52. Following the completion of the sale, the vice president now owns 71,318 shares of the company’s stock, valued at approximately $2,651,603.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Jason E. Estes sold 2,952 shares of Bank7 stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.00, for a total transaction of $106,272.00. Following the transaction, the vice president now directly owns 72,818 shares in the company, valued at $2,621,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jason E. Estes sold 4,964 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $37.18, for a total value of $184,561.52. Following the completion of the sale, the vice president now owns 71,318 shares of the company’s stock, valued at approximately $2,651,603.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,811 shares of company stock valued at $1,221,522. 44.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank7

Several institutional investors and hedge funds have recently modified their holdings of BSVN. BNP Paribas Financial Markets increased its position in Bank7 by 39.6% in the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock worth $62,000 after purchasing an additional 627 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Bank7 by 4.9% in the second quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock worth $680,000 after purchasing an additional 1,025 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Bank7 by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company’s stock valued at $1,206,000 after buying an additional 1,478 shares during the period. Empowered Funds LLC grew its stake in shares of 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 buying an additional 2,100 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Bank7 by 12.5% in the first quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock worth $548,000 after buying an additional 2,156 shares during the period. Institutional investors own 23.48% of the company’s stock.

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.