Short Interest in Bank7 Corp. (NASDAQ:BSVN) Decreases By 34.2%

Bank7 Corp. (NASDAQ:BSVN) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 25,400 shares, a drop of 34.2% from the March 31st total of 38,600 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 1.8 days.

Bank7 Stock Performance

Shares of NASDAQ BSVN traded down $0.06 during mid-day trading on Monday, reaching $27.40. The company had a trading volume of 4,593 shares, compared to its average volume of 13,430. The company has a market capitalization of $253.18 million, a price-to-earnings ratio of 8.54 and a beta of 1.45. The stock has a fifty day moving average of $27.53 and a two-hundred day moving average of $25.86. Bank7 has a 12-month low of $19.53 and a 12-month high of $28.99.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings data on Monday, January 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.20. The firm had revenue of $39.17 million for the quarter, compared to analyst estimates of $21.10 million. Bank7 had a net margin of 21.70% and a return on equity of 17.97%. During the same quarter in the prior year, the business earned $0.91 EPS. Sell-side analysts forecast that Bank7 will post 4.05 earnings per share for the current fiscal year.

Insider Activity at Bank7

In related news, CEO Thomas L. Travis sold 7,500 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $27.00, for a total transaction of $202,500.00. Following the completion of the sale, the chief executive officer now directly owns 288,271 shares of the company’s stock, valued at $7,783,317. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Thomas L. Travis sold 20,000 shares of Bank7 stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $27.11, for a total value of $542,200.00. Following the transaction, the chief executive officer now owns 295,771 shares of the company’s stock, valued at approximately $8,018,351.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Travis sold 7,500 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $27.00, for a total transaction of $202,500.00. Following the sale, the chief executive officer now directly owns 288,271 shares of the company’s stock, valued at $7,783,317. The disclosure for this sale can be found here. Company 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. Copeland Capital Management LLC purchased a new position in Bank7 in the third quarter valued at about $28,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Bank7 in the 3rd quarter valued at approximately $51,000. AJOVista LLC acquired a new position in Bank7 in the fourth quarter worth approximately $65,000. Barclays PLC raised its position in Bank7 by 30.7% during the third quarter. Barclays PLC now owns 3,699 shares of the company’s stock valued at $83,000 after acquiring an additional 868 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in Bank7 in the third quarter valued at approximately $164,000. 23.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BSVN has been the subject of several research analyst reports. Stephens restated an “equal weight” rating and issued a $31.00 price target on shares of Bank7 in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods raised their target price on Bank7 from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th.

Bank7 Company Profile

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.