Bank7 Corp. (NASDAQ:BSVN) Short Interest Update

Bank7 Corp. (NASDAQ:BSVN) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 39,425 shares, a decrease of 18.1% from the March 31st total of 48,130 shares. Based on an average daily volume of 10,587 shares, the short-interest ratio is presently 3.7 days. Approximately 0.6% of the company’s stock are short sold.

Insider Buying and Selling

In other Bank7 news, CFO Kelly J. Harris sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $45.75, for a total value of $205,875.00. Following the transaction, the chief financial officer directly owned 12,756 shares of the company’s stock, valued at $583,587. This trade represents a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bank7

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC bought a new stake in shares of Bank7 in the first quarter worth $227,000. Goldman Sachs Group Inc. boosted its stake in Bank7 by 11.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company’s stock valued at $1,164,000 after acquiring an additional 3,145 shares during the last quarter. Geode Capital Management LLC grew its holdings in Bank7 by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 101,428 shares of the company’s stock worth $4,243,000 after acquiring an additional 2,442 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bank7 by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock worth $534,000 after purchasing an additional 245 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Bank7 by 13.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 28,829 shares of the company’s stock worth $1,206,000 after purchasing an additional 3,378 shares during the last quarter. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

Bank7 Stock Up 1.3%

Shares of Bank7 stock traded up $0.55 during trading hours on Friday, hitting $43.49. 7,950 shares of the company’s stock traded hands, compared to its average volume of 11,764. Bank7 has a twelve month low of $36.47 and a twelve month high of $50.10. The company has a market cap of $414.02 million, a PE ratio of 9.33 and a beta of 0.93. The stock has a 50 day simple moving average of $41.54 and a 200-day simple moving average of $42.40.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Tuesday, April 14th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.01 by $0.24. Bank7 had a return on equity of 18.52% and a net margin of 31.77%.The business had revenue of $26.16 million for the quarter, compared to analysts’ expectations of $23.63 million. As a group, equities research analysts predict that Bank7 will post 4.45 EPS for the current year.

Wall Street Analysts Forecast Growth

BSVN has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings upgraded Bank7 from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Zacks Research raised shares of Bank7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Finally, Piper Sandler lifted their price objective on shares of Bank7 from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Bank7 currently has a consensus rating of “Buy” and an average target price of $54.50.

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.