Bank7 Corp. (BSVN) To Go Ex-Dividend on September 26th

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Thursday, September 26th will be paid a dividend of 0.24 per share on Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Thursday, September 26th. This is a positive change from Bank7’s previous quarterly dividend of $0.21.

Bank7 has increased its dividend by an average of 21.8% annually over the last three years. Bank7 has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank7 to earn $3.87 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 24.8%.

Bank7 Stock Performance

BSVN opened at $38.60 on Tuesday. The company has a fifty day moving average price of $38.79 and a two-hundred day moving average price of $32.50. The firm has a market capitalization of $356.97 million, a PE ratio of 11.32 and a beta of 1.48. Bank7 has a 52 week low of $19.53 and a 52 week high of $42.40.

Bank7 (NASDAQ:BSVN) last released its earnings results on Thursday, July 11th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.23. The firm had revenue of $24.40 million for the quarter, compared to analyst estimates of $23.20 million. Bank7 had a return on equity of 17.89% and a net margin of 22.22%. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Equities analysts forecast that Bank7 will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price target on shares of Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, July 12th.

Insider Activity at Bank7

In related news, VP Jason E. Estes sold 4,964 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $37.18, for a total transaction of $184,561.52. Following the sale, the vice president now owns 71,318 shares in the company, valued at $2,651,603.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Jason E. Estes sold 4,964 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $37.18, for a total transaction of $184,561.52. Following the transaction, the vice president now directly owns 71,318 shares in the company, valued at approximately $2,651,603.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason E. Estes sold 2,952 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.00, for a total transaction of $106,272.00. Following the completion of the sale, the vice president now owns 72,818 shares of the company’s stock, valued at $2,621,448. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,552 shares of company stock valued at $1,153,684. Corporate insiders own 44.01% of the company’s stock.

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.