Bank7 Corp. (NASDAQ:BSVN) Sees Large Growth in Short Interest

Bank7 Corp. (NASDAQ:BSVN) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 45,883 shares, an increase of 23.4% from the February 26th total of 37,175 shares. Based on an average trading volume of 8,992 shares, the short-interest ratio is currently 5.1 days. Currently, 0.8% of the shares of the company are short sold.

Bank7 Stock Performance

Shares of NASDAQ BSVN opened at $39.60 on Monday. The firm has a market cap of $376.95 million, a P/E ratio of 8.82 and a beta of 0.95. Bank7 has a 1-year low of $32.49 and a 1-year high of $50.10. The business’s 50 day moving average is $42.36 and its 200-day moving average is $43.07.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Thursday, January 15th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. Bank7 had a return on equity of 18.21% and a net margin of 31.38%.The business had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $24.10 million. Analysts forecast that Bank7 will post 4.06 EPS for the current year.

Bank7 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 19th. Bank7’s payout ratio is presently 24.05%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank7 in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

Insiders Place Their Bets

In other Bank7 news, CFO Kelly J. Harris sold 4,500 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $45.75, for a total transaction of $205,875.00. Following the completion of the sale, the chief financial officer owned 12,756 shares of the company’s stock, valued at $583,587. This trade represents a 26.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 25.81% of the company’s stock.

Hedge Funds Weigh In On Bank7

A number of hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in Bank7 by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock worth $27,000 after purchasing an additional 294 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Bank7 during the 2nd quarter worth approximately $38,000. BNP Paribas Financial Markets increased its holdings in shares of Bank7 by 30.2% during the third quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after purchasing an additional 420 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Bank7 by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,763 shares of the company’s stock worth $195,000 after purchasing an additional 1,540 shares during the period. Finally, Zacks Investment Management acquired a new stake in shares of Bank7 in the fourth quarter valued at approximately $202,000. 23.48% of the stock is owned by institutional investors.

About Bank7

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.