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

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Bank7 during the fourth quarter worth $30,000. Copeland Capital Management LLC acquired a new position in Bank7 during the third quarter worth about $48,000. BNP Paribas Financial Markets grew its stake in 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 acquiring an additional 280 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Bank7 in the 3rd quarter valued at about $86,000. Finally, Sanctuary Advisors LLC purchased a new position in Bank7 in the 4th quarter worth approximately $293,000. 23.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their target price on shares of Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their price target on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th.

Bank7 Stock Down 1.4 %

BSVN opened at $42.96 on Friday. The firm’s fifty day simple moving average is $45.28 and its two-hundred day simple moving average is $42.13. Bank7 has a 52-week low of $26.07 and a 52-week high of $50.26. The company has a market cap of $401.25 million, a price-to-earnings ratio of 8.88 and a beta of 1.47.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. On average, research analysts forecast that Bank7 will post 4 EPS for the current year.

Bank7 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, December 20th. Bank7’s dividend payout ratio is presently 19.83%.

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.