Bank7 Corp. (NASDAQ:BSVN) Increases Dividend to $0.24 Per Share

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Thursday, September 26th will be given 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 2.49%. The ex-dividend date is Thursday, September 26th. This is an increase from Bank7’s previous quarterly dividend of $0.21.

Bank7 has raised its dividend by an average of 21.8% per year over the last three years. Bank7 has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank7 to earn $3.87 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 24.8%.

Bank7 Stock Performance

BSVN opened at $38.60 on Tuesday. The firm has a market cap of $356.97 million, a P/E ratio of 11.32 and a beta of 1.48. The business’s fifty day moving average is $38.79 and its 200-day moving average is $32.50. Bank7 has a 52-week low of $19.53 and a 52-week high of $42.40.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, July 11th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.23. Bank7 had a net margin of 22.22% and a return on equity of 17.89%. The company had revenue of $24.40 million during the quarter, compared to the consensus estimate of $23.20 million. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, research analysts predict that Bank7 will post 4.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their target price on Bank7 from $37.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, July 12th.

Insider Transactions at Bank7

In related news, VP Jason E. Estes sold 4,964 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $37.18, for a total transaction of $184,561.52. Following the sale, the vice president now owns 71,318 shares in the company, valued at approximately $2,651,603.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Bank7 news, insider Andrew J. Levinson sold 3,222 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $37.02, for a total transaction of $119,278.44. Following the sale, the insider now directly owns 41,659 shares of the company’s stock, valued at approximately $1,542,216.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jason E. Estes sold 4,964 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $37.18, for a total transaction of $184,561.52. Following the transaction, the vice president now directly owns 71,318 shares of the company’s stock, valued at approximately $2,651,603.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,552 shares of company stock worth $1,153,684. Corporate insiders own 44.01% of the company’s stock.

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.