Bank7 Corp. (NASDAQ:BSVN) Sees Significant Decrease in Short Interest

Bank7 Corp. (NASDAQ:BSVN) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 38,000 shares, a decrease of 30.5% from the September 30th total of 54,700 shares. Based on an average trading volume of 21,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.1% of the shares of the stock are short sold.

Bank7 Stock Performance

Shares of BSVN stock traded up $2.28 during mid-day trading on Monday, reaching $43.41. The company’s stock had a trading volume of 32,599 shares, compared to its average volume of 17,291. The firm’s 50-day moving average is $39.42 and its two-hundred day moving average is $34.65. Bank7 has a 1-year low of $20.00 and a 1-year high of $44.17. The company has a market cap of $401.46 million, a P/E ratio of 12.73 and a beta of 1.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Bank7 by 39.6% in the 1st 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 during the period. Acadian Asset Management LLC grew its holdings in Bank7 by 4.9% during the 2nd quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock worth $680,000 after acquiring an additional 1,025 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Bank7 in the 3rd quarter valued at about $48,000. Bank of New York Mellon Corp raised its stake in shares of Bank7 by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company’s stock worth $1,206,000 after acquiring an additional 1,478 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Bank7 by 7.8% during the first quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock worth $818,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 23.48% of the company’s stock.

Wall Street Analyst Weigh In

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

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.