Bank7 Corp. (NASDAQ:BSVN) Announces $0.21 Quarterly Dividend

Bank7 Corp. (NASDAQ:BSVNGet Free Report) announced a quarterly dividend on Thursday, January 18th, Zacks reports. Shareholders of record on Thursday, March 21st will be given a dividend of 0.21 per share on Thursday, April 4th. This represents a $0.84 annualized dividend and a yield of 3.10%. The ex-dividend date is Wednesday, March 20th.

Bank7 has increased its dividend by an average of 21.8% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Bank7 has a dividend payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank7 to earn $3.82 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 22.0%.

Bank7 Trading Down 3.0 %

Shares of BSVN opened at $27.07 on Tuesday. Bank7 has a 12 month low of $19.53 and a 12 month high of $28.99. The firm has a fifty day simple moving average of $26.86 and a 200 day simple moving average of $25.04. The stock has a market capitalization of $248.77 million, a price-to-earnings ratio of 8.85 and a beta of 1.45.

Bank7 (NASDAQ:BSVNGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.20. Bank7 had a return on equity of 17.54% and a net margin of 21.62%. The company had revenue of $39.17 million during the quarter, compared to analysts’ expectations of $21.10 million. During the same quarter last year, the company earned $0.91 EPS. As a group, research analysts predict that Bank7 will post 4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Bank7 from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Stephens restated an “equal weight” rating and set a $31.00 target price on shares of Bank7 in a research note on Tuesday, January 30th.

View Our Latest Research Report on BSVN

Insider Transactions at Bank7

In other Bank7 news, CEO Thomas L. Travis sold 20,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.11, for a total value of $542,200.00. Following the completion of the sale, the chief executive officer now owns 295,771 shares of the company’s stock, valued at approximately $8,018,351.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 44.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BSVN. Wells Fargo & Company MN increased its holdings in shares of Bank7 by 3,755.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,041 shares of the company’s stock worth $27,000 after buying an additional 1,014 shares in the last quarter. Osaic Holdings Inc. raised its stake in Bank7 by 1,000.0% during the second quarter. Osaic Holdings Inc. now owns 1,100 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the last quarter. California State Teachers Retirement System acquired a new position in Bank7 in the second quarter valued at $30,000. Barclays PLC boosted its position in Bank7 by 25.8% during the fourth quarter. Barclays PLC now owns 2,902 shares of the company’s stock valued at $74,000 after acquiring an additional 596 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Bank7 by 210.5% in the 4th quarter. Morgan Stanley now owns 2,984 shares of the company’s stock valued at $76,000 after purchasing an additional 2,023 shares during the period. Institutional investors own 25.44% of the company’s stock.

About Bank7

(Get Free Report)

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 services, including 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.

See Also

Dividend History for Bank7 (NASDAQ:BSVN)

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