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

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

Bank7 has increased its dividend 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% meaning its dividend is sufficiently covered by earnings. 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

BSVN traded up $1.20 during trading on Thursday, hitting $44.35. The stock had a trading volume of 9,055 shares, compared to its average volume of 11,604. The company has a 50 day moving average price of $42.73 and a 200-day moving average price of $42.54. Bank7 has a one year low of $37.56 and a one year high of $50.10. The firm has a market cap of $422.21 million, a price-to-earnings ratio of 9.52 and a beta of 0.92.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.24. Bank7 had a return on equity of 18.18% and a net margin of 31.77%.The firm had revenue of $26.16 million for the quarter, compared to analysts’ expectations of $23.63 million. As a group, sell-side analysts predict that Bank7 will post 4.45 EPS for the current fiscal year.

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.