Bank7 Corp. (BSVN) to Issue Quarterly Dividend of $0.21 on July 9th

Bank7 Corp. (NASDAQ:BSVNGet Free Report) announced a quarterly dividend on Thursday, June 6th, Zacks reports. Stockholders 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 dividend yield of 2.80%. The ex-dividend date is Thursday, June 20th.

Bank7 has raised its dividend payment by an average of 21.8% per year over the last three years and has raised its dividend every year for the last 4 years. Bank7 has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance

Bank7 stock opened at $30.00 on Friday. The firm has a market capitalization of $277.50 million, a PE ratio of 9.29 and a beta of 1.49. Bank7 has a one year low of $19.53 and a one year high of $30.83. The stock’s 50 day moving average price is $28.69 and its 200 day moving average price is $27.29.

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

Insider Buying and Selling

In other Bank7 news, VP Henry Litchfield sold 2,259 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $30.03, for a total transaction of $67,837.77. Following the completion of the sale, the vice president now owns 12,302 shares in the company, valued at approximately $369,429.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Thomas L. Travis sold 7,500 shares of the stock in a transaction dated Friday, April 19th. The shares were 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 of the company’s stock, valued at $7,783,317. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Henry Litchfield sold 2,259 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $30.03, for a total value of $67,837.77. Following the completion of the sale, the vice president now directly owns 12,302 shares of the company’s stock, valued at $369,429.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,049 shares of company stock worth $339,450. 44.01% of the stock is currently owned by corporate insiders.

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.

Further Reading

Dividend History for Bank7 (NASDAQ:BSVN)

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