Bank7 Corp. (NASDAQ:BSVN – Get Free Report) declared a quarterly dividend on Friday, July 26th, 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 yield of 2.27%. The ex-dividend date is Thursday, September 26th. This is a boost from Bank7’s previous quarterly dividend of $0.21.
Bank7 has raised its dividend payment by an average of 21.8% annually over the last three years. Bank7 has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bank7 to earn $3.85 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 21.8%.
Bank7 Stock Performance
Shares of Bank7 stock opened at $42.20 on Friday. The firm has a 50-day moving average of $31.61 and a 200-day moving average of $28.86. Bank7 has a 52-week low of $19.53 and a 52-week high of $42.40. The stock has a market cap of $390.35 million, a PE ratio of 12.38 and a beta of 1.49.
Insiders Place Their Bets
In other news, VP Henry Litchfield sold 2,259 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $30.03, for a total value of $67,837.77. Following the completion of the transaction, the vice president now directly owns 12,302 shares in the company, valued at approximately $369,429.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Bank7 news, VP Henry Litchfield sold 2,259 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $30.03, for a total transaction of $67,837.77. Following the completion of the sale, the vice president now directly owns 12,302 shares in the company, valued at $369,429.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jason E. Estes sold 2,952 shares of Bank7 stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.00, for a total value of $106,272.00. Following the completion of the transaction, the vice president now owns 72,818 shares in the company, valued at approximately $2,621,448. The disclosure for this sale can be found here. Insiders have sold 36,101 shares of company stock worth $1,290,634 over the last ninety days. Corporate insiders own 44.01% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Piper Sandler increased their price target on Bank7 from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th.
View Our Latest Report on Bank7
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.
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