Bank7 Corp. (NASDAQ:BSVN) Short Interest Update

Bank7 Corp. (NASDAQ:BSVNGet Rating) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 21,500 shares, a decline of 24.3% from the March 15th total of 28,400 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 19,800 shares, the short-interest ratio is presently 1.1 days.

Separately, Zacks Investment Research upgraded shares of Bank7 from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Monday, April 4th.

Shares of BSVN opened at $21.70 on Monday. Bank7 has a 12-month low of $16.80 and a 12-month high of $27.28. The company has a market cap of $197.34 million, a PE ratio of 8.54 and a beta of 2.04. The stock has a 50-day moving average price of $23.73 and a 200-day moving average price of $23.80.

Bank7 (NASDAQ:BSVNGet Rating) last announced its earnings results on Friday, January 28th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). Bank7 had a net margin of 39.56% and a return on equity of 19.76%. The company had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $14.70 million. During the same period in the prior year, the business earned $0.52 earnings per share. On average, equities research analysts expect that Bank7 will post 2.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 7th. Stockholders of record on Wednesday, March 23rd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, March 22nd. Bank7’s dividend payout ratio is currently 18.90%.

In other Bank7 news, CEO Thomas L. Travis sold 2,462 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $23.45, for a total transaction of $57,733.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John T. Phillips sold 3,621 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $25.00, for a total value of $90,525.00. The disclosure for this sale can be found here. Insiders own 43.85% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Bank7 by 2.9% in the third quarter. BlackRock Inc. now owns 16,573 shares of the company’s stock worth $355,000 after buying an additional 463 shares in the last quarter. Bank of New York Mellon Corp raised its position in Bank7 by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 26,241 shares of the company’s stock worth $562,000 after purchasing an additional 553 shares during the period. Millennium Management LLC lifted its stake in Bank7 by 1.2% in the fourth quarter. Millennium Management LLC now owns 50,346 shares of the company’s stock worth $1,158,000 after purchasing an additional 580 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Bank7 by 20.2% during the fourth quarter. Russell Investments Group Ltd. now owns 11,958 shares of the company’s stock valued at $274,000 after buying an additional 2,008 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Bank7 during the fourth quarter valued at about $71,000. 39.26% of the stock is currently owned by institutional investors and hedge funds.

Bank7 Company Profile (Get Rating)

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 services, including 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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