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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BSVN. Bank of New York Mellon Corp grew its position in shares of Bank7 by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company’s stock valued at $1,206,000 after buying an additional 1,478 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Bank7 by 4.9% in the second quarter. Acadian Asset Management LLC now owns 21,762 shares of the company’s stock valued at $680,000 after acquiring an additional 1,025 shares during the last quarter. Inspire Investing LLC bought a new stake in Bank7 in the second quarter valued at approximately $831,000. Copeland Capital Management LLC acquired a new stake in Bank7 during the 3rd quarter valued at approximately $48,000. Finally, Los Angeles Capital Management LLC bought a new position in Bank7 during the 3rd quarter worth approximately $700,000. 23.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday. Piper Sandler raised their target price on shares of Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday.

Bank7 Stock Down 0.2 %

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

Bank7 (NASDAQ:BSVN) last posted its earnings results on Thursday, January 16th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. Bank7 had a net margin of 24.22% and a return on equity of 19.13%. On average, equities research analysts anticipate that Bank7 will post 4.57 EPS for the current fiscal year.

Bank7 Dividend Announcement

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

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.