Bank7 Corp. (NASDAQ:BSVN) Experiences Notable Drop in Short Interest

Bank7 Corp. (NASDAQ:BSVN) experienced a significant decline in short interest for the month of October. As of October 15th, the total short interest amounted to 38,000 shares, marking a 30.5% decrease from the 54,700 shares reported at the end of September. Currently, short sales account for 1.1% of the total shares outstanding. Considering an average daily trading volume of 21,700 shares, the days-to-cover ratio stands at 1.8 days.

Bank7 Stock Performance

On Monday, BSVN shares were trading up by $2.28, reaching a price of $43.41. The trading volume for the day was 32,599 shares, surpassing the average volume of 17,291 shares. Bank7's 50-day moving average is currently $39.42, while the two-hundred day moving average is $34.65. The stock has fluctuated between a 1-year low of $20.00 and a high of $44.17. Bank7 Corp. holds a market capitalization of approximately $401.46 million, a P/E ratio of 12.73, and a beta of 1.47.

Institutional Inflows and Outflows

Several hedge funds and institutional investors have recently adjusted their positions in Bank7. For instance, BNP Paribas Financial Markets increased its stake in Bank7 by 39.6% within the first quarter. Now, it holds 2,211 shares valued at $62,000 after acquiring an additional 627 shares. Acadian Asset Management LLC raised its holdings by 4.9% in the second quarter, bringing its total to 21,762 shares worth $680,000, after buying an extra 1,025 shares. In the third quarter, Copeland Capital Management LLC made a new investment in Bank7 valued at around $48,000. Additionally, Bank of New York Mellon Corp raised its stake by 4.0% in the second quarter, holding now 38,523 shares worth $1,206,000 after getting an extra 1,478 shares. Empowered Funds LLC also increased its position in the first quarter by 7.8%, currently owning 29,004 shares valued at $818,000 after purchasing 2,100 more shares. Overall, institutional investors hold 23.48% of Bank7's stock.

Wall Street Analyst Insights

In recent reports, Piper Sandler raised its price target for Bank7 from $37.00 to $40.00, assigning the company an "overweight" rating.

About Bank7

Bank7 Corp. operates as a holding bank company for Bank7, offering a variety of banking and financial services to individual and corporate customers. The bank provides commercial deposit accounts, retail deposit services including checking and savings accounts, as well as money market accounts, certificates of deposit, and automated teller machine access.

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