Short Interest in Bank7 Corp. (NASDAQ:BSVN) Decreases By 13.0%

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 81,700 shares, a drop of 13.0% from the April 30th total of 93,900 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,600 shares, the days-to-cover ratio is currently 2.9 days.

Bank7 Price Performance

Shares of NASDAQ BSVN traded up $1.16 during midday trading on Friday, reaching $39.50. 24,812 shares of the stock traded hands, compared to its average volume of 24,687. The stock has a market capitalization of $373.20 million, a PE ratio of 8.16 and a beta of 1.08. Bank7 has a one year low of $27.84 and a one year high of $50.26. The company's 50 day moving average is $37.27 and its 200 day moving average is $41.15.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.11. The company had revenue of $22.60 million during the quarter, compared to the consensus estimate of $22.58 million. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. During the same period last year, the company earned $1.21 earnings per share. As a group, equities analysts forecast that Bank7 will post 4.06 EPS for the current year.

Bank7 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Friday, June 20th will be given a $0.24 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. Bank7's dividend payout ratio is presently 20.38%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their price objective on shares of Bank7 from $50.00 to $47.00 and set an "outperform" rating for the company in a report on Friday, April 11th.

Institutional Trading of Bank7

A number of institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC lifted its position in Bank7 by 3.2% in the first quarter. Inspire Investing LLC now owns 19,764 shares of the company's stock worth $766,000 after buying an additional 616 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Bank7 by 11.7% in the first quarter. Goldman Sachs Group Inc. now owns 30,056 shares of the company's stock worth $1,164,000 after buying an additional 3,145 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Bank7 in the first quarter worth $227,000. Penn Capital Management Company LLC purchased a new stake in Bank7 in the first quarter worth $644,000. Finally, Hsbc Holdings PLC increased its stake in Bank7 by 13.0% in the first quarter. Hsbc Holdings PLC now owns 23,641 shares of the company's stock worth $922,000 after purchasing an additional 2,720 shares during the period. 23.48% of the stock is currently owned by institutional investors.

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.