Short Interest in Bank7 Corp. (NASDAQ:BSVN) Rises By 60.5%

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

Bank7 Stock Performance

Shares of NASDAQ BSVN traded up $1.59 during mid-day trading on Thursday, hitting $38.65. 9,163 shares of the stock were exchanged, compared to its average volume of 15,946. Bank7 has a twelve month low of $19.53 and a twelve month high of $42.40. The stock’s fifty day simple moving average is $34.10 and its two-hundred day simple moving average is $30.22. The company has a market cap of $357.44 million, a P/E ratio of 10.87 and a beta of 1.49.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, July 11th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. Bank7 had a return on equity of 18.36% and a net margin of 22.22%. The firm had revenue of $24.40 million during the quarter, compared to analysts’ expectations of $23.20 million. During the same period last year, the firm posted $1.05 EPS. As a group, equities research analysts predict that Bank7 will post 4.33 earnings per share for the current fiscal year.

Bank7 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Thursday, September 26th will be given a dividend of $0.24 per share. This is an increase from Bank7’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, September 26th. This represents a $0.96 annualized dividend and a yield of 2.48%. Bank7’s dividend payout ratio is 28.15%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Bank7

In related news, VP Henry Litchfield sold 2,259 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $30.03, for a total transaction of $67,837.77. Following the completion of the sale, the vice president now owns 12,302 shares in the company, valued at approximately $369,429.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Henry Litchfield sold 2,259 shares of Bank7 stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $30.03, for a total transaction of $67,837.77. Following the sale, the vice president now directly owns 12,302 shares of the company’s stock, valued at $369,429.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO John T. Phillips sold 11,943 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.53, for a total value of $436,277.79. Following the completion of the transaction, the chief operating officer now owns 17,803 shares of the company’s stock, valued at $650,343.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,101 shares of company stock worth $1,290,634. 44.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Bank7

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC grew its stake in shares of 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 purchasing an additional 20,881 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Bank7 by 15.3% in the 4th quarter. Russell Investments Group Ltd. now owns 17,272 shares of the company’s stock valued at $472,000 after buying an additional 2,289 shares during the last quarter. AJOVista LLC acquired a new stake in shares of Bank7 in the 4th quarter valued at $65,000. Empowered Funds LLC raised 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 acquiring an additional 2,100 shares during the last quarter. Finally, Denali Advisors LLC lifted its stake in shares of Bank7 by 60.3% during the first quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock valued at $262,000 after acquiring an additional 3,500 shares during the period. Institutional investors and hedge funds 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.