Bank7 Corp. Declares Quarterly Dividend of $0.24 (NASDAQ:BSVN)

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Thursday, March 20th will be paid a dividend of 0.24 per share on Friday, April 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.41%.

Bank7 has increased its dividend by an average of 26.0% per year over the last three years. Bank7 has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank7 to earn $4.12 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 23.3%.

Bank7 Trading Down 0.1 %

BSVN stock opened at $39.88 on Thursday. The company has a market capitalization of $372.56 million, a P/E ratio of 8.27 and a beta of 1.52. The firm has a 50 day simple moving average of $43.41 and a 200-day simple moving average of $42.67. Bank7 has a twelve month low of $26.07 and a twelve month high of $50.26.

Bank7 (NASDAQ:BSVN) last released its earnings results on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. On average, research analysts predict that Bank7 will post 4.06 EPS for the current year.

Insider Activity

In other Bank7 news, VP Henry Litchfield sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $41.54, for a total value of $207,700.00. Following the transaction, the vice president now owns 13,375 shares of the company’s stock, valued at $555,597.50. This trade represents a 27.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 41.92% of the company’s stock.

Analyst Ratings Changes

BSVN has been the topic of a number of research analyst reports. Piper Sandler increased their target price on Bank7 from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods dropped their price target on Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th.

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.