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

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) 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 dividend on an annualized basis 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% per year over the last three years. Bank7 has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities 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 traded up $0.19 during mid-day trading on Friday, reaching $40.40. 16,312 shares of the stock traded hands, compared to its average volume of 19,767. The firm has a fifty day moving average price of $43.00 and a 200 day moving average price of $42.68. The company has a market cap of $377.46 million, a price-to-earnings ratio of 8.35 and a beta of 1.52. Bank7 has a 1 year low of $26.07 and a 1 year high of $50.26.

Bank7 (NASDAQ:BSVN - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.11. Bank7 had a net margin of 32.00% and a return on equity of 23.83%. On average, sell-side analysts anticipate that Bank7 will post 4.06 EPS for the current year.

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Analysts Set New Price Targets

Several research analysts recently issued reports on BSVN shares. Piper Sandler upped their target price on shares of Bank7 from $53.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Bank7 from $53.00 to $52.00 and set an "outperform" rating for the company in a research note on Friday, January 17th.

Insider Buying and Selling

In other Bank7 news, insider Douglas A. Haines acquired 1,433 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $39.91 per share, for a total transaction of $57,191.03. Following the completion of the acquisition, the insider now owns 18,542 shares in the company, valued at $740,011.22. This trade represents a 8.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Henry Litchfield sold 5,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total transaction of $207,700.00. Following the completion of the sale, the vice president now owns 13,375 shares in the company, valued at approximately $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 insiders.

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.