Bank7 Corp. (BSVN) to Issue Quarterly Dividend of $0.16 on April 7th

Bank7 Corp. (NASDAQ:BSVN – Get Rating) declared a quarterly dividend on Wednesday, March 8th, Zacks reports. Stockholders of record on Wednesday, March 22nd will be paid a dividend of 0.16 per share on Friday, April 7th. This represents a $0.64 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Tuesday, March 21st.

Bank7 has raised its dividend by an average of 37.5% annually over the last three years and has raised its dividend every year for the last 3 years. Bank7 has a payout ratio of 16.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank7 to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 17.3%.

Bank7 Stock Performance

NASDAQ BSVN opened at $24.03 on Friday. Bank7 has a one year low of $21.08 and a one year high of $30.86. The stock has a 50-day moving average of $28.19 and a 200 day moving average of $26.00. The company has a market capitalization of $218.67 million, a price-to-earnings ratio of 7.46 and a beta of 1.60.

Bank7 (NASDAQ:BSVN – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.08). Bank7 had a return on equity of 22.45% and a net margin of 36.27%. The business had revenue of $21.11 million during the quarter, compared to the consensus estimate of $20.10 million. On average, equities analysts predict that Bank7 will post 3.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas L. Travis sold 6,500 shares of Bank7 stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $27.06, for a total value of $175,890.00. Following the completion of the sale, the chief executive officer now directly owns 320,275 shares in the company, valued at approximately $8,666,641.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 43.85% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in Bank7 by 3,755.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,041 shares of the company’s stock worth $27,000 after purchasing an additional 1,014 shares during the last quarter. Barclays PLC boosted its position in Bank7 by 25.8% in the fourth quarter. Barclays PLC now owns 2,902 shares of the company’s stock worth $74,000 after purchasing an additional 596 shares during the last quarter. Morgan Stanley boosted its position in Bank7 by 210.5% in the fourth quarter. Morgan Stanley now owns 2,984 shares of the company’s stock worth $76,000 after purchasing an additional 2,023 shares during the last quarter. Citigroup Inc. purchased a new position in Bank7 in the fourth quarter worth about $122,000. Finally, UBS Group AG lifted its position in shares of Bank7 by 11.0% during the 4th quarter. UBS Group AG now owns 9,597 shares of the company’s stock valued at $246,000 after buying an additional 951 shares in the last quarter. 27.13% of the stock is owned by hedge funds and other institutional investors.

Bank7 Company Profile

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Bank7 Corp. is bank holding company, which engages in the provision of banking solutions. It offers banking and financial services to individual and corporate customers located in Oklahoma, Kansas, and Texas. The company was founded by William Brad Haines in 2004 and is headquartered in Oklahoma City, OK.