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

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

Institutional Investors Weigh In On Bank7

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new position in Bank7 during the fourth quarter valued at about $30,000. Sanctuary Advisors LLC acquired a new position in shares of Bank7 during the 4th quarter valued at about $293,000. Angel Oak Capital Advisors LLC acquired a new position in shares of Bank7 during the 4th quarter valued at about $1,190,000. Los Angeles Capital Management LLC raised its stake in shares of Bank7 by 86.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 34,770 shares of the company's stock valued at $1,622,000 after acquiring an additional 16,099 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Bank7 by 61.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,936 shares of the company's stock worth $1,817,000 after purchasing an additional 14,765 shares during the last quarter. Institutional investors and hedge funds own 23.48% of the company's stock.

Bank7 Stock Down 0.9%

Shares of BSVN traded down $0.36 during midday trading on Wednesday, reaching $38.69. 19,181 shares of the stock were exchanged, compared to its average volume of 24,480. The company has a market cap of $365.54 million, a price-to-earnings ratio of 7.99 and a beta of 1.07. Bank7 has a 12-month low of $27.84 and a 12-month high of $50.26. The firm has a 50 day simple moving average of $37.29 and a 200-day simple moving average of $41.37.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings data on Thursday, April 10th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.11. The firm had revenue of $22.60 million for the quarter, compared to analyst estimates of $22.58 million. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. During the same quarter last year, the firm earned $1.21 earnings per share. Research analysts expect that Bank7 will post 4.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.

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