Bank7 Corp. (NASDAQ:BSVN) to Issue $0.21 Quarterly Dividend

Bank7 Corp. (NASDAQ:BSVNGet Free Report) declared a quarterly dividend on Thursday, June 6th, Zacks reports. Shareholders of record on Thursday, June 20th will be given a dividend of 0.21 per share on Tuesday, July 9th. This represents a $0.84 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, June 20th.

Bank7 has increased its dividend by an average of 21.8% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Bank7 has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank7 to earn $3.79 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 22.2%.

Bank7 Stock Down 2.0 %

Shares of NASDAQ BSVN traded down $0.60 during trading on Friday, hitting $30.00. The company had a trading volume of 9,605 shares, compared to its average volume of 10,743. The stock has a fifty day simple moving average of $28.69 and a two-hundred day simple moving average of $27.29. Bank7 has a fifty-two week low of $19.53 and a fifty-two week high of $30.83. The firm has a market capitalization of $277.50 million, a price-to-earnings ratio of 9.29 and a beta of 1.49.

Bank7 (NASDAQ:BSVNGet Free Report) last announced its earnings results on Friday, April 12th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. Bank7 had a net margin of 21.70% and a return on equity of 17.61%. The business had revenue of $24.02 million for the quarter, compared to analyst estimates of $26.10 million. On average, analysts anticipate that Bank7 will post 4.12 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas L. Travis sold 7,500 shares of Bank7 stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $27.00, for a total value of $202,500.00. Following the sale, the chief executive officer now owns 288,271 shares in the company, valued at $7,783,317. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Bank7 news, Director Edward Patrick Gray purchased 1,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of $27.25 per share, for a total transaction of $27,250.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $68,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas L. Travis sold 7,500 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $27.00, for a total transaction of $202,500.00. Following the transaction, the chief executive officer now owns 288,271 shares in the company, valued at $7,783,317. The disclosure for this sale can be found here. Insiders have sold a total of 12,049 shares of company stock worth $339,450 over the last 90 days. 44.01% of the stock is currently owned by company insiders.

Bank7 Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Bank7 (NASDAQ:BSVN)

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