Short Interest in Bank7 Corp. (NASDAQ:BSVN) Increases By 22.3%

Bank7 Corp. (NASDAQ:BSVN) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 83,500 shares, a growth of 22.3% from the December 31st total of 68,300 shares. Based on an average daily trading volume, of 30,000 shares, the short-interest ratio is currently 2.8 days. Approximately 2.3% of the company’s stock are short sold.

Bank7 Trading Up 0.2 %

Shares of NASDAQ:BSVN opened at $43.58 on Friday. The firm has a market cap of $407.04 million, a PE ratio of 9.00 and a beta of 1.47. The company has a fifty day simple moving average of $45.37 and a 200 day simple moving average of $42.06. Bank7 has a 12-month low of $26.07 and a 12-month high of $50.26.

Bank7 (NASDAQ:BSVN) last issued its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. As a group, equities research analysts forecast that Bank7 will post 4 EPS for the current fiscal year.

Bank7 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Friday, December 20th. Bank7’s dividend payout ratio is presently 19.83%.

Hedge Funds Weigh In On Bank7

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Bank7 by 22.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after buying an additional 280 shares during the last quarter. R Squared Ltd acquired a new position in shares of Bank7 during the fourth quarter valued at $30,000. Copeland Capital Management LLC acquired a new stake in shares of Bank7 in the 3rd quarter worth about $48,000. Empowered Funds LLC increased its holdings in shares of Bank7 by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock worth $1,228,000 after acquiring an additional 1,608 shares during the period. Finally, Geode Capital Management LLC lifted its position in Bank7 by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock valued at $3,610,000 after purchasing an additional 1,633 shares during the last quarter. Institutional investors own 23.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BSVN shares. Piper Sandler upped their price objective on shares of Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods reduced their price target on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, January 17th.

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.