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

Bank7 logo with Finance background

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) declared a quarterly dividend on Friday, June 6th, Wall Street Journal reports. Investors of record on Friday, June 20th will be given a dividend of 0.24 per share on Tuesday, July 8th. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, June 20th.

Bank7 has raised its dividend payment by an average of 26.0% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Bank7 has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 2.9%

Shares of NASDAQ BSVN traded up $1.10 during midday trading on Friday, hitting $39.44. 15,126 shares of the company's stock were exchanged, compared to its average volume of 24,529. The firm has a market capitalization of $372.67 million, a PE ratio of 8.13 and a beta of 1.07. Bank7 has a 12 month low of $27.84 and a 12 month high of $50.26. The company's 50 day moving average price is $37.27 and its 200 day moving average price is $41.29.

Bank7 (NASDAQ:BSVN - Get Free Report) last announced its quarterly earnings results on Thursday, April 10th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.11. Bank7 had a return on equity of 23.83% and a net margin of 32.00%. The business had revenue of $22.60 million during the quarter, compared to the consensus estimate of $22.58 million. During the same quarter last year, the firm posted $1.21 EPS. On average, equities research analysts anticipate that Bank7 will post 4.06 EPS for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their target price on shares of Bank7 from $50.00 to $47.00 and set an "outperform" rating for the company in a report on Friday, April 11th.

Check Out Our Latest Analysis on BSVN

Hedge Funds Weigh In On Bank7

A hedge fund recently raised its stake in Bank7 stock. Goldman Sachs Group Inc. grew its holdings in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) by 11.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,056 shares of the company's stock after purchasing an additional 3,145 shares during the period. Goldman Sachs Group Inc. owned about 0.32% of Bank7 worth $1,164,000 at the end of the most recent quarter. 23.48% of the stock is currently owned by institutional investors.

About Bank7

(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.

See Also

Dividend History for Bank7 (NASDAQ:BSVN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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