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

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders of record on Thursday, March 20th will be given a dividend of 0.24 per share on Friday, April 4th. This represents a $0.96 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, March 20th.

Bank7 has increased its dividend payment by an average of 26.0% annually over the last three years. Bank7 has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Research 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 Up 0.5 %

Shares of BSVN stock opened at $40.40 on Friday. The firm has a 50-day moving average price of $43.11 and a 200 day moving average price of $42.63. Bank7 has a twelve month low of $26.07 and a twelve month high of $50.26. The company has a market capitalization of $377.46 million, a price-to-earnings ratio of 8.35 and a beta of 1.52.

Bank7 (NASDAQ:BSVN) last announced its earnings results 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%. As a group, research analysts predict that Bank7 will post 4.06 earnings per share for the current year.

Insider Buying and Selling at Bank7

In other Bank7 news, insider Douglas A. Haines purchased 1,433 shares of the stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the acquisition, the insider now directly owns 18,542 shares of the company’s stock, valued at $740,011.22. This represents a 8.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $207,700.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 41.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler boosted their target price 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 price target on Bank7 from $53.00 to $52.00 and set an “outperform” rating for the company in a 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.