Bank7 Corp. (NASDAQ:BSVN) Sees Large Increase in Short Interest

Bank7 Corp. (NASDAQ:BSVN) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 25,800 shares, a growth of 7.1% from the May 31st total of 24,100 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is currently 2.1 days. Currently, 0.7% of the shares of the company are sold short.

Insider Activity

In other news, VP Henry Litchfield sold 2,259 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.03, for a total transaction of $67,837.77. Following the completion of the transaction, the vice president now directly owns 12,302 shares of the company’s stock, valued at $369,429.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Henry Litchfield sold 2,259 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.03, for a total transaction of $67,837.77. Following the completion of the transaction, the vice president now directly owns 12,302 shares of the company’s stock, valued at $369,429.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Patrick Gray acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were bought at an average cost of $27.25 per share, with a total value of $27,250.00. Following the completion of the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at $68,125. The disclosure for this purchase can be found here. Insiders sold 12,049 shares of company stock valued at $339,450 over the last three months. Insiders own 41.92% of the company’s stock.

Hedge Funds Weigh In On Bank7

A number of hedge funds have recently modified their holdings of BSVN. BNP Paribas Financial Markets boosted its position in shares of Bank7 by 39.6% in the first quarter. BNP Paribas Financial Markets now owns 2,211 shares of the company’s stock worth $62,000 after purchasing an additional 627 shares during the period. AJOVista LLC bought a new position in shares of Bank7 in the fourth quarter worth approximately $65,000. Barclays PLC boosted its position in shares of Bank7 by 30.7% in the third quarter. Barclays PLC now owns 3,699 shares of the company’s stock worth $83,000 after purchasing an additional 868 shares during the period. EJF Capital LLC bought a new position in shares of Bank7 in the third quarter worth approximately $225,000. Finally, Denali Advisors LLC boosted its position in shares of Bank7 by 60.3% in the first quarter. Denali Advisors LLC now owns 9,300 shares of the company’s stock worth $262,000 after purchasing an additional 3,500 shares during the period. 23.48% of the stock is currently owned by institutional investors.

Bank7 Trading Up 0.8 %

BSVN stock traded up $0.26 during midday trading on Tuesday, reaching $31.04. 6,070 shares of the company’s stock traded hands, compared to its average volume of 13,294. Bank7 has a 52-week low of $19.53 and a 52-week high of $31.99. The stock has a market cap of $287.12 million, a P/E ratio of 9.61 and a beta of 1.49. The stock’s 50-day moving average is $29.45 and its 200 day moving average is $27.95.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Friday, April 12th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. Bank7 had a net margin of 21.70% and a return on equity of 17.61%. The business had revenue of $24.02 million during the quarter, compared to analysts’ expectations of $26.10 million. As a group, research analysts expect that Bank7 will post 4.12 EPS for the current fiscal year.

Bank7 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.71%. Bank7’s dividend payout ratio is currently 26.01%.

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.