Short Interest in Bank7 Corp. (NASDAQ:BSVN) Rises By 54.4%

Bank7 Corp. (NASDAQ:BSVN) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 82,600 shares, a growth of 54.4% from the March 15th total of 53,500 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 26,900 shares, the days-to-cover ratio is presently 3.1 days.

Bank7 Stock Performance

BSVN traded down $0.35 during mid-day trading on Thursday, reaching $35.15. 10,253 shares of the stock were exchanged, compared to its average volume of 23,046. The company has a 50 day moving average price of $39.38 and a two-hundred day moving average price of $42.42. The stock has a market capitalization of $332.05 million, a PE ratio of 7.26 and a beta of 1.15. Bank7 has a 1 year low of $26.07 and a 1 year high of $50.26.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Thursday, April 10th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. The firm had revenue of $22.60 million during the quarter, compared to analyst estimates of $22.58 million. During the same period last year, the firm posted $1.21 EPS. Sell-side analysts expect that Bank7 will post 4.06 EPS for the current fiscal year.

Insider Buying and Selling at Bank7

In related news, VP Henry Litchfield sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $41.54, for a total transaction of $207,700.00. Following the transaction, the vice president now owns 13,375 shares in the company, valued at $555,597.50. The trade was a 27.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Haines purchased 1,433 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $39.91 per share, with a total value of $57,191.03. Following the completion of the purchase, the insider now owns 18,542 shares of the company’s stock, valued at approximately $740,011.22. This represents a 8.38 % increase in their position. The disclosure for this purchase can be found here. Insiders own 44.01% of the company’s stock.

Institutional Trading of Bank7

Several hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in 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 during the last quarter. Inspire Investing LLC bought a new stake in Bank7 during the 4th quarter valued at $893,000. State Street Corp boosted its holdings in shares of Bank7 by 10.4% in the third quarter. State Street Corp now owns 47,430 shares of the company’s stock worth $1,789,000 after acquiring an additional 4,465 shares during the period. 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. Finally, Geode Capital Management LLC lifted its holdings in Bank7 by 1.7% during the 3rd 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 in the last quarter. 23.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BSVN. Piper Sandler upped their target price on Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods lowered their target price on shares of Bank7 from $50.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, April 11th.

About Bank7

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.