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

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 83,500 shares, an increase of 22.3% from the December 15th total of 68,300 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 2.8 days. Approximately 2.3% of the shares of the stock are sold short.

Bank7 Stock Performance

Shares of BSVN traded down $0.10 during trading hours on Friday, reaching $44.40. The stock had a trading volume of 41,645 shares, compared to its average volume of 29,607. The stock has a market capitalization of $414.70 million, a PE ratio of 11.68 and a beta of 1.47. Bank7 has a 12 month low of $24.50 and a 12 month high of $50.26. The company's 50-day moving average is $45.96 and its two-hundred day moving average is $41.38.

Bank7 (NASDAQ:BSVN - Get Free Report) last posted its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 24.22% and a return on equity of 19.13%. Equities analysts anticipate that Bank7 will post 4.57 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.16%. Bank7's dividend payout ratio (DPR) is 25.26%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BSVN. Piper Sandler upped their price objective on Bank7 from $53.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday. Keefe, Bruyette & Woods reduced their price target on shares of Bank7 from $53.00 to $52.00 and set an "outperform" rating on the stock in a research note on Friday.

Hedge Funds Weigh In On Bank7

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in Bank7 by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 96,321 shares of the company's stock worth $3,610,000 after purchasing an additional 1,633 shares during the last quarter. State Street Corp raised its stake in Bank7 by 10.4% during the third quarter. State Street Corp now owns 47,430 shares of the company's stock worth $1,789,000 after buying an additional 4,465 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Bank7 by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 38,523 shares of the company's stock valued at $1,206,000 after buying an additional 1,478 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Bank7 in the third quarter valued at $1,378,000. Finally, Empowered Funds LLC boosted its position in Bank7 by 5.2% during the third quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock valued at $1,228,000 after acquiring an additional 1,608 shares during the last quarter. 23.48% of the stock is owned by institutional investors and hedge funds.

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.

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