Bank7 Corp. (NASDAQ:BSVN) Short Interest Update

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 54,000 shares, a drop of 32.8% from the January 31st total of 80,300 shares. Based on an average daily trading volume, of 22,800 shares, the short-interest ratio is presently 2.4 days. Approximately 1.4% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages have recently issued reports on BSVN. Piper Sandler raised their price objective 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 cut their price objective on Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a report on Friday, January 17th.

Bank7 Stock Up 0.5 %

BSVN traded up $0.19 on Thursday, reaching $40.21. The company had a trading volume of 8,820 shares, compared to its average volume of 19,637. The stock has a 50-day moving average price of $43.25 and a 200-day moving average price of $42.65. The stock has a market capitalization of $375.68 million, a PE ratio of 8.31 and a beta of 1.52. Bank7 has a 1 year low of $26.07 and a 1 year high of $50.26.

Bank7 (NASDAQ:BSVN - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. As a group, analysts expect that Bank7 will post 4.06 earnings per share for the current fiscal year.

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Bank7 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.39%. Bank7's dividend payout ratio (DPR) is presently 19.83%.

Insiders Place Their Bets

In other news, VP Henry Litchfield sold 5,000 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total transaction of $207,700.00. Following the sale, the vice president now directly owns 13,375 shares of the company's stock, valued at $555,597.50. The trade was a 27.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 41.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in Bank7 during the fourth quarter valued at approximately $30,000. BNP Paribas Financial Markets grew its holdings in Bank7 by 22.9% during the 3rd 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 last quarter. MetLife Investment Management LLC acquired a new stake in shares of Bank7 during the 3rd quarter worth approximately $86,000. Virtus Investment Advisers Inc. acquired a new stake in Bank7 during the 4th quarter worth $98,000. Finally, Wells Fargo & Company MN raised its stake in shares of Bank7 by 30.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,333 shares of the company's stock valued at $109,000 after purchasing an additional 540 shares during the period. Institutional investors own 23.48% of the company's stock.

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.