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

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, June 4th. Investors of record on Friday, June 19th will be paid 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 payment 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. Equities research 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 Stock Performance

Bank7 stock traded up $1.20 during mid-day trading on Thursday, reaching $44.35. The company’s stock had a trading volume of 9,055 shares, compared to its average volume of 11,604. Bank7 has a 12 month low of $37.56 and a 12 month high of $50.10. The business’s 50 day simple moving average is $42.73 and its 200 day simple moving average is $42.54. The company has a market capitalization 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 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.24. The company had revenue of $26.16 million during the quarter, compared to the consensus estimate of $23.63 million. Bank7 had a net margin of 31.77% and a return on equity of 18.18%. As a group, sell-side analysts expect that Bank7 will post 4.45 EPS for the current 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.