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

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, March 19th will be given a dividend of 0.27 per share on Friday, April 3rd. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, March 19th.

Bank7 has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Bank7 has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank7 to earn $4.12 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 26.2%.

Bank7 Trading Up 0.1%

Shares of NASDAQ:BSVN opened at $39.70 on Tuesday. Bank7 has a 52 week low of $32.49 and a 52 week high of $50.10. The company’s 50 day moving average is $43.00 and its two-hundred day moving average is $43.69. The company has a market cap of $375.17 million, a PE ratio of 8.84 and a beta of 0.96.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings data on Thursday, January 15th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.09. The business had revenue of $24.10 million during the quarter, compared to analysts’ expectations of $24.10 million. Bank7 had a net margin of 31.38% and a return on equity of 18.58%. As a group, equities research analysts expect that Bank7 will post 4.06 EPS for the current year.

Insider Buying and Selling

In other Bank7 news, CFO Kelly J. Harris sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $45.75, for a total transaction of $205,875.00. Following the sale, the chief financial officer owned 12,756 shares of the company’s stock, valued at approximately $583,587. This trade represents a 26.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 41.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC grew its position in shares of Bank7 by 4.4% in the 4th quarter. Mink Brook Asset Management LLC now owns 472,001 shares of the company’s stock valued at $19,343,000 after buying an additional 20,035 shares during the last quarter. Twin Lions Management LLC lifted its position in Bank7 by 9.4% in the second quarter. Twin Lions Management LLC now owns 349,563 shares of the company’s stock valued at $14,622,000 after acquiring an additional 29,921 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bank7 by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 129,857 shares of the company’s stock valued at $5,322,000 after acquiring an additional 5,214 shares during the last quarter. American Century Companies Inc. boosted its stake in Bank7 by 113.8% in the second quarter. American Century Companies Inc. now owns 118,772 shares of the company’s stock valued at $4,968,000 after acquiring an additional 63,210 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Bank7 by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 101,936 shares of the company’s stock valued at $4,178,000 after acquiring an additional 556 shares in the last quarter. Institutional investors and hedge funds own 23.48% of the company’s stock.

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.