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

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on BSVN. Keefe, Bruyette & Woods decreased their target price on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday. Piper Sandler boosted their price objective on Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Friday.

Bank7 Price Performance

Shares of NASDAQ BSVN traded down $0.10 during mid-day trading on Friday, reaching $44.40. 41,645 shares of the company’s stock traded hands, compared to its average volume of 29,607. The business has a 50-day simple moving average of $45.96 and a 200 day simple moving average of $41.38. The stock has a market cap of $414.70 million, a P/E ratio of 11.68 and a beta of 1.47. Bank7 has a 1-year low of $24.50 and a 1-year high of $50.26.

Bank7 (NASDAQ:BSVN) last released its quarterly 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 return on equity of 19.13% and a net margin of 24.22%. Equities research analysts anticipate that Bank7 will post 4.57 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.96 annualized dividend and a yield of 2.16%. Bank7’s dividend payout ratio (DPR) is currently 25.26%.

Institutional Investors Weigh In On Bank7

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC bought a new stake in shares of Bank7 in the 4th quarter worth $893,000. Barclays PLC lifted its position in shares of Bank7 by 158.7% during the third quarter. Barclays PLC now owns 12,953 shares of the company’s stock valued at $486,000 after purchasing an additional 7,947 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Bank7 by 1.7% during the third quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock worth $3,610,000 after purchasing an additional 1,633 shares during the last quarter. State Street Corp grew its position in Bank7 by 10.4% in the 3rd quarter. State Street Corp now owns 47,430 shares of the company’s stock worth $1,789,000 after purchasing an additional 4,465 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in Bank7 in the 3rd quarter valued at about $86,000. 23.48% of the stock is owned by hedge funds and other institutional investors.

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.