Bank7 Corp (NASDAQ:BSVN) Short Interest Down 8.1% in May

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Bank7 Corp (NASDAQ:BSVN) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 22,800 shares, a drop of 8.1% from the April 30th total of 24,800 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 5,300 shares, the short-interest ratio is presently 4.3 days.

Shares of NASDAQ:BSVN traded up $0.10 during midday trading on Wednesday, hitting $16.95. 4,200 shares of the stock were exchanged, compared to its average volume of 10,745. Bank7 has a 52-week low of $10.85 and a 52-week high of $20.74. The firm has a market cap of $170.64 million and a price-to-earnings ratio of 6.95.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. Bank7 had a return on equity of 28.16% and a net margin of 48.17%. The business had revenue of $10.58 million during the quarter. On average, sell-side analysts anticipate that Bank7 will post 1.88 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in BSVN. BlackRock Inc. purchased a new stake in shares of Bank7 during the fourth quarter worth $1,839,000. RMB Capital Management LLC raised its holdings in shares of Bank7 by 35.4% during the fourth quarter. RMB Capital Management LLC now owns 488,320 shares of the company’s stock worth $6,519,000 after acquiring an additional 127,655 shares in the last quarter. Vanguard Group Inc. purchased a new stake in shares of Bank7 during the third quarter worth $1,925,000. Millennium Management LLC raised its holdings in shares of Bank7 by 56.2% during the fourth quarter. Millennium Management LLC now owns 134,300 shares of the company’s stock worth $1,793,000 after acquiring an additional 48,313 shares in the last quarter. Finally, ELCO Management Co. LLC increased its position in Bank7 by 131.7% during the first quarter. ELCO Management Co. LLC now owns 68,915 shares of the company’s stock worth $1,197,000 after buying an additional 39,176 shares during the last quarter. Institutional investors and hedge funds own 33.46% of the company’s stock.

Separately, Zacks Investment Research upgraded Bank7 from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, March 11th.

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About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers in Oklahoma, Kansas, and Texas. It accepts demand, savings, checking, money market, and negotiable order of withdrawal accounts, as well as certificates of deposit.

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