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

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

Bank7 Price Performance

BSVN stock opened at $34.99 on Friday. Bank7 has a 1 year low of $26.07 and a 1 year high of $50.26. The company has a market cap of $330.59 million, a P/E ratio of 7.23 and a beta of 1.15. The stock’s fifty day moving average price is $39.23 and its 200-day moving average price is $42.40.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Thursday, April 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.60 million for the quarter, compared to analysts’ expectations of $22.58 million. During the same period last year, the firm posted $1.21 earnings per share. As a group, analysts expect that Bank7 will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Bank7

In related news, VP Henry Litchfield sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 13,375 shares of the company’s stock, valued at $555,597.50. This trade represents a 27.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas A. Haines acquired 1,433 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $39.91 per share, for a total transaction of $57,191.03. Following the completion of the transaction, the insider now directly owns 18,542 shares in the company, valued at $740,011.22. This represents a 8.38 % increase in their position. The disclosure for this purchase can be found here. 44.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bank7

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in Bank7 by 22.9% in the third quarter. BNP Paribas Financial Markets now owns 1,504 shares of the company’s stock worth $56,000 after acquiring an additional 280 shares during the period. State Street Corp increased its stake in shares of Bank7 by 10.4% in the 3rd quarter. State Street Corp now owns 47,430 shares of the company’s stock worth $1,789,000 after purchasing an additional 4,465 shares in the last quarter. Barclays PLC raised its holdings in Bank7 by 158.7% in 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 during the period. Geode Capital Management LLC grew its holdings in Bank7 by 1.7% during the third quarter. Geode Capital Management LLC now owns 96,321 shares of the company’s stock valued at $3,610,000 after purchasing an additional 1,633 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Bank7 in the fourth quarter worth about $893,000. Hedge funds and other institutional investors own 23.48% of the company’s stock.

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.