Bank7 Corp. Announces Quarterly Dividend of $0.27 (NASDAQ:BSVN)

Key Points

• Bank7 Corp. declared a quarterly dividend of $0.27 per share, payable to shareholders of record on September 19, with an ex-dividend date of the same day.
• The company has a solid payout ratio of 23.6%, indicating that its dividend is well-supported by earnings, and future earnings estimates suggest continued coverage of the annual dividend.
• In recent insider trading, both the VP and CEO sold shares, with the CEO selling 13,084 shares valued at approximately $645,826, which represents a 4.37% decrease in their ownership.

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) announced a quarterly dividend on Wednesday, August 20th. Shareholders of record on Friday, September 19th will be paid a dividend of 0.27 per share on Tuesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, September 19th.

Bank7 has a payout ratio of 23.6% 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

Shares of BSVN opened at $47.99 on Wednesday. The firm has a market capitalization of $453.51 million, a PE ratio of 10.34 and a beta of 1.17. The company's 50-day moving average is $46.85 and its 200-day moving average is $41.47. Bank7 has a fifty-two week low of $32.49 and a fifty-two week high of $50.26.

Bank7 (NASDAQ:BSVN - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $24.44 million for the quarter, compared to analyst estimates of $22.70 million. Bank7 had a net margin of 31.99% and a return on equity of 20.36%. Analysts predict that Bank7 will post 4.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Jason E. Estes sold 1,879 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $47.58, for a total value of $89,402.82. Following the sale, the vice president directly owned 75,961 shares in the company, valued at approximately $3,614,224.38. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas L. Travis sold 13,084 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $49.36, for a total transaction of $645,826.24. Following the completion of the sale, the chief executive officer owned 286,293 shares in the company, valued at approximately $14,131,422.48. The trade was a 4.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,416 shares of company stock worth $806,150. 41.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bank7

Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in Bank7 by 100.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 800 shares of the company's stock worth $31,000 after buying an additional 400 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Bank7 during the 2nd quarter worth approximately $38,000. GAMMA Investing LLC boosted its position in Bank7 by 8,105.9% during the 1st quarter. GAMMA Investing LLC now owns 1,395 shares of the company's stock worth $54,000 after buying an additional 1,378 shares during the period. Copeland Capital Management LLC boosted its position in Bank7 by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 1,601 shares of the company's stock worth $67,000 after buying an additional 225 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Bank7 by 17.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,773 shares of the company's stock worth $83,000 after buying an additional 269 shares during the period. 23.48% of the stock is currently owned by institutional investors and hedge funds.

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.

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