Bank7 Corp. (NASDAQ:BSVN) Short Interest Up 7.1% in October

Bank7 Corp. (NASDAQ:BSVN) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 40,700 shares, an increase of 7.1% from the October 15th total of 38,000 shares. Based on an average daily volume of 22,700 shares, the short-interest ratio is presently 1.8 days. Approximately 1.1% of the company’s shares are sold short.

Bank7 Stock Performance

BSVN traded up $0.20 during trading on Monday, reaching $46.71. The company had a trading volume of 9,364 shares, compared to its average volume of 18,226. The firm’s 50-day simple moving average is $41.05 and its 200 day simple moving average is $36.35. The company has a market cap of $436.41 million, a price-to-earnings ratio of 12.22 and a beta of 1.46. Bank7 has a 12-month low of $22.05 and a 12-month high of $49.01.

Bank7 (NASDAQ:BSVN) last released its earnings results on Friday, October 11th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.17. Bank7 had a net margin of 24.22% and a return on equity of 19.13%. The business had revenue of $24.89 million for the quarter, compared to the consensus estimate of $24.00 million. On average, sell-side analysts expect that Bank7 will post 4.57 EPS for the current year.

Hedge Funds Weigh In On Bank7

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSVN. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 627 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Bank7 by 12.5% during the 1st quarter. Russell Investments Group Ltd. now owns 19,428 shares of the company’s stock valued at $548,000 after buying an additional 2,156 shares during the last quarter. Vanguard Group Inc. increased its holdings in Bank7 by 1.3% in the first quarter. Vanguard Group Inc. now owns 221,768 shares of the company’s stock worth $6,254,000 after buying an additional 2,817 shares during the last quarter. Quadrature Capital Ltd increased its holdings in Bank7 by 33.8% in the first quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock worth $363,000 after buying an additional 3,254 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its position in Bank7 by 22.5% during the first quarter. Kennedy Capital Management LLC now owns 113,841 shares of the company’s stock valued at $3,210,000 after acquiring an additional 20,881 shares in the last quarter. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

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.