Bank7 Corp. (NASDAQ:BSVN) Short Interest Down 24.1% in July

Bank7 Corp. (NASDAQ:BSVN – Get Rating) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 6,300 shares, a decline of 24.1% from the June 30th total of 8,300 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling at Bank7

In other news, COO John T. Phillips sold 11,003 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $25.00, for a total transaction of $275,075.00. Following the transaction, the chief operating officer now directly owns 213,376 shares in the company, valued at approximately $5,334,400. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank7

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in shares of Bank7 by 20.2% during the 4th quarter. Russell Investments Group Ltd. now owns 11,958 shares of the company’s stock valued at $274,000 after acquiring an additional 2,008 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Bank7 in the fourth quarter valued at about $71,000. JCSD Capital LLC acquired a new position in shares of Bank7 during the fourth quarter worth about $677,000. Teton Advisors Inc. acquired a new stake in shares of Bank7 in the fourth quarter valued at about $345,000. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Bank7 during the 4th quarter valued at about $1,774,000. Institutional investors and hedge funds own 47.79% of the company’s stock.

Bank7 Stock Up 0.1 %

BSVN stock opened at $24.47 on Wednesday. The company has a market cap of $222.43 million, a price-to-earnings ratio of 8.90 and a beta of 1.73. The business has a fifty day simple moving average of $23.12 and a 200-day simple moving average of $23.53. Bank7 has a 52 week low of $19.19 and a 52 week high of $27.28.

Bank7 (NASDAQ:BSVN – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. Bank7 had a return on equity of 20.32% and a net margin of 39.95%. During the same quarter last year, the firm earned $0.67 earnings per share. As a group, analysts expect that Bank7 will post 3.16 earnings per share for the current fiscal year.

Bank7 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Wednesday, June 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.96%. Bank7’s dividend payout ratio (DPR) is 17.45%.

Bank7 Company Profile

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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.