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

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

Insider Buying and Selling

In other Bank7 news, CFO Kelly J. Harris sold 4,500 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $45.75, for a total transaction of $205,875.00. Following the completion of the transaction, the chief financial officer owned 12,756 shares of the company’s stock, valued at $583,587. The trade was a 26.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 41.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank7

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its stake in Bank7 by 77.8% during the fourth quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after acquiring an additional 294 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Bank7 in the 2nd quarter worth approximately $38,000. BNP Paribas Financial Markets lifted its position in shares of Bank7 by 30.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock worth $84,000 after acquiring an additional 420 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Bank7 during the 3rd quarter worth approximately $213,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Bank7 by 47.8% during the 4th 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 in the last quarter. Institutional investors own 23.48% of the company’s stock.

Bank7 Stock Up 2.6%

Shares of BSVN stock traded up $1.05 during trading hours on Wednesday, reaching $40.93. 4,839 shares of the company’s stock were exchanged, compared to its average volume of 11,609. Bank7 has a fifty-two week low of $32.49 and a fifty-two week high of $50.10. The stock has a market capitalization of $389.65 million, a P/E ratio of 9.12 and a beta of 0.95. The business has a fifty day moving average price of $42.19 and a 200-day moving average price of $42.95.

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

Bank7 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, March 19th. This represents a $1.08 annualized dividend and a dividend yield of 2.6%. Bank7’s payout ratio is presently 24.05%.

Wall Street Analysts Forecast Growth

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

Bank7 Company Profile

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.