Short Interest in Bank7 Corp. (NASDAQ:BSVN) Increases By 21.8%

Bank7 Corp. (NASDAQ:BSVN) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 69,300 shares, a growth of 21.8% from the November 15th total of 56,900 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 24,900 shares, the days-to-cover ratio is currently 2.8 days.

Bank7 Stock Performance

NASDAQ:BSVN traded down $0.70 during trading hours on Friday, reaching $45.16. The stock had a trading volume of 13,152 shares, compared to its average volume of 18,151. The stock has a market cap of $421.88 million, a P/E ratio of 11.88 and a beta of 1.47. The stock has a 50 day simple moving average of $44.48 and a 200 day simple moving average of $38.80. Bank7 has a 12-month low of $24.45 and a 12-month high of $49.42.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Friday, October 11th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.17. Bank7 had a return on equity of 19.13% and a net margin of 24.22%. The company had revenue of $24.89 million during the quarter, compared to analyst estimates of $24.00 million. On average, equities analysts expect that Bank7 will post 4.57 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, December 20th. Bank7’s dividend payout ratio (DPR) is currently 25.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC bought a new stake in Bank7 during the 3rd quarter valued at $48,000. BNP Paribas Financial Markets raised its stake in shares of Bank7 by 22.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock valued at $56,000 after purchasing an additional 280 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Bank7 during the 3rd quarter valued at $86,000. Barclays PLC lifted its holdings in Bank7 by 158.7% during the 3rd quarter. Barclays PLC now owns 12,953 shares of the company’s stock worth $486,000 after purchasing an additional 7,947 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Bank7 by 4.9% in the 2nd quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock worth $680,000 after purchasing an additional 1,025 shares during the period. 23.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on shares of Bank7 from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

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.