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

Bank7 Corp. (NASDAQ:BSVN) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 25,800 shares, an increase of 7.1% from the May 31st total of 24,100 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 12,100 shares, the short-interest ratio is currently 2.1 days.

Bank7 Trading Up 0.0 %

NASDAQ:BSVN traded up $0.01 during midday trading on Wednesday, hitting $31.05. 6,572 shares of the stock were exchanged, compared to its average volume of 13,241. Bank7 has a one year low of $19.53 and a one year high of $31.99. The company has a market capitalization of $287.21 million, a price-to-earnings ratio of 9.61 and a beta of 1.49. The business has a 50-day moving average price of $29.54 and a two-hundred day moving average price of $27.97.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Friday, April 12th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The company had revenue of $24.02 million for the quarter, compared to analysts’ expectations of $26.10 million. Bank7 had a return on equity of 17.61% and a net margin of 21.70%. Sell-side analysts forecast that Bank7 will post 4.12 EPS for the current fiscal year.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.84 annualized dividend and a dividend yield of 2.71%. Bank7’s dividend payout ratio is currently 26.01%.

Insider Transactions at Bank7

In other news, CEO Thomas L. Travis sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $27.00, for a total transaction of $202,500.00. Following the completion of the transaction, the chief executive officer now directly owns 288,271 shares in the company, valued at $7,783,317. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Thomas L. Travis sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $27.00, for a total transaction of $202,500.00. Following the sale, the chief executive officer now owns 288,271 shares of the company’s stock, valued at $7,783,317. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward Patrick Gray bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of $27.25 per share, for a total transaction of $27,250.00. Following the acquisition, the director now owns 2,500 shares of the company’s stock, valued at $68,125. The disclosure for this purchase can be found here. Over the last three months, insiders sold 12,049 shares of company stock worth $339,450. Company insiders own 41.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kennedy Capital Management LLC increased its holdings in shares of Bank7 by 22.5% in the first quarter. Kennedy Capital Management LLC now owns 113,841 shares of the company’s stock valued at $3,210,000 after buying an additional 20,881 shares in the last quarter. Quadrature Capital Ltd raised its stake in Bank7 by 33.8% during the 1st quarter. Quadrature Capital Ltd now owns 12,876 shares of the company’s stock valued at $363,000 after purchasing an additional 3,254 shares during the period. Vanguard Group Inc. raised its stake in Bank7 by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 221,768 shares of the company’s stock valued at $6,254,000 after purchasing an additional 2,817 shares during the period. Russell Investments Group Ltd. raised its stake in 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 purchasing an additional 2,156 shares during the period. Finally, Empowered Funds LLC raised its stake in Bank7 by 7.8% during the 1st quarter. Empowered Funds LLC now owns 29,004 shares of the company’s stock valued at $818,000 after purchasing an additional 2,100 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.