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

Bank7 Corp. (NASDAQ:BSVN) announced a quarterly dividend on Wednesday, January 15th, 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 2.48%. The ex-dividend date of this dividend is Thursday, March 20th.

Bank7 has raised 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. 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 Down 0.2 %

Shares of BSVN opened at $38.77 on Tuesday. Bank7 has a fifty-two week low of $26.07 and a fifty-two week high of $50.26. The firm’s 50 day moving average price is $42.18 and its 200 day moving average price is $42.71. The company has a market cap of $362.23 million, a P/E ratio of 8.01 and a beta of 1.52.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings results on Thursday, January 16th. The company reported $1.16 EPS for the quarter, topping 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%. Research analysts forecast that Bank7 will post 4.06 earnings per share for the current year.

Insider Buying and Selling

In other Bank7 news, insider Douglas A. Haines purchased 1,433 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price 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 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 is accessible through the SEC website. Also, VP Henry Litchfield sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $41.54, for a total transaction of $207,700.00. Following the transaction, 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 disclosure for this sale can be found here. 44.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.