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

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders 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 2.39%.

Bank7 has raised its dividend payment by an average of 26.0% annually over the last three years. Bank7 has a payout ratio of 23.1% indicating that 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 Stock Performance

Shares of NASDAQ:BSVN opened at $40.21 on Friday. The firm has a market cap of $375.68 million, a PE ratio of 8.31 and a beta of 1.52. The firm’s fifty day moving average is $43.25 and its 200-day moving average is $42.65. Bank7 has a 52 week low of $26.07 and a 52 week high of $50.26.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings data on Thursday, January 16th. The company reported $1.16 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Bank7 will post 4.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BSVN. Piper Sandler upped their price target on shares of Bank7 from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered their target price on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th.

Insider Buying and Selling at Bank7

In other news, VP Henry Litchfield sold 5,000 shares of Bank7 stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $41.54, for a total transaction of $207,700.00. Following the sale, the vice president now owns 13,375 shares of the company’s stock, valued at approximately $555,597.50. The trade was a 27.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas A. Haines bought 1,433 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $39.91 per share, for a total transaction of $57,191.03. Following the purchase, the insider now directly owns 18,542 shares in the company, valued at approximately $740,011.22. This represents a 8.38 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 41.92% 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.