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

Bank7 Corp. (NASDAQ:BSVN - Get Free Report) announced a quarterly dividend on Wednesday, April 16th, Wall Street Journal reports. Shareholders of record on Friday, June 20th will be paid a dividend of 0.24 per share on Tuesday, July 8th. This represents a $0.96 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, June 20th.

Bank7 has increased its dividend by an average of 26.0% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Bank7 has a dividend payout ratio of 23.6% indicating that 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 Trading Down 0.6%

NASDAQ:BSVN traded down $0.25 during mid-day trading on Monday, reaching $39.25. 9,280 shares of the stock were exchanged, compared to its average volume of 24,625. The business has a fifty day moving average price of $37.27 and a 200 day moving average price of $41.09. The firm has a market capitalization of $370.83 million, a PE ratio of 8.11 and a beta of 1.08. Bank7 has a 1-year low of $27.84 and a 1-year high of $50.26.

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

Institutional Trading of Bank7

An institutional investor recently raised its position in Bank7 stock. Goldman Sachs Group Inc. increased its position in shares of Bank7 Corp. (NASDAQ:BSVN - Free Report) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,056 shares of the company's stock after acquiring an additional 3,145 shares during the quarter. 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.