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

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, June 4th. Shareholders of record on Friday, June 19th will be paid a dividend of 0.27 per share on Tuesday, July 7th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, June 18th.

Bank7 has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Bank7 has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank7 to earn $4.55 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 23.7%.

Bank7 Price Performance

Shares of Bank7 stock opened at $44.35 on Friday. The business has a 50 day simple moving average of $42.82 and a two-hundred day simple moving average of $42.56. Bank7 has a 12 month low of $37.56 and a 12 month high of $50.10. The stock has a market capitalization of $422.17 million, a P/E ratio of 9.52 and a beta of 0.92.

Bank7 (NASDAQ:BSVN) last announced its earnings results on Tuesday, April 14th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.24. Bank7 had a return on equity of 18.18% and a net margin of 31.77%.The business had revenue of $26.16 million during the quarter, compared to analysts’ expectations of $23.63 million. As a group, research analysts anticipate that Bank7 will post 4.45 EPS for the current fiscal year.

Insider Activity at Bank7

In related news, EVP Darrell Lee Jr. Mathews sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $43.00, for a total value of $43,000.00. Following the completion of the transaction, the executive vice president directly owned 6,497 shares in the company, valued at approximately $279,371. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas A. Haines sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $44.07, for a total value of $44,070.00. Following the completion of the transaction, the insider owned 16,647 shares of the company’s stock, valued at $733,633.29. The trade was a 5.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 25.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC grew its position in Bank7 by 4.4% in the fourth quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company’s stock worth $19,343,000 after acquiring an additional 20,035 shares during the period. Dimensional Fund Advisors LP grew its position in Bank7 by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 135,160 shares of the company’s stock worth $5,390,000 after acquiring an additional 5,303 shares during the period. Geode Capital Management LLC grew its position in Bank7 by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 101,936 shares of the company’s stock worth $4,178,000 after acquiring an additional 556 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Bank7 during the third quarter worth $3,312,000. Finally, Invesco Ltd. purchased a new position in shares of Bank7 during the second quarter worth $2,803,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

About Bank7

Bank7 Corporation, through its subsidiary Bank7, National Association, is a regional banking organization that offers a full range of deposit and lending products to both consumer and commercial clients. Its deposit offerings include checking and savings accounts, money market funds and certificates of deposit, while its lending portfolio encompasses residential and commercial real estate loans, small business loans and consumer credit products.

Complementing its core banking services, Bank7 provides digital banking solutions such as online and mobile platforms for account management, bill payment and remote check deposit.