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

Bank7 Corp. (NASDAQ:BSVN) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders 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 2.41%.

Bank7 has increased its dividend by an average of 26.0% per year over the last three years. Bank7 has a dividend 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 Price Performance

NASDAQ:BSVN opened at $39.88 on Thursday. The firm has a market cap of $372.56 million, a PE ratio of 8.27 and a beta of 1.52. The firm has a 50 day simple moving average of $43.41 and a 200-day simple moving average of $42.67. Bank7 has a 1-year low of $26.07 and a 1-year high of $50.26.

Bank7 (NASDAQ:BSVN) last issued its quarterly 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 return on equity of 23.83% and a net margin of 32.00%. As a group, sell-side analysts expect that Bank7 will post 4.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank7

In related news, VP Henry Litchfield sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were 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 directly owns 13,375 shares of the company’s stock, valued at approximately $555,597.50. This trade represents a 27.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 41.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BSVN has been the topic of several recent analyst reports. Piper Sandler increased their target price on 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 decreased their target price on shares of Bank7 from $53.00 to $52.00 and set an “outperform” rating on the stock in a research 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.