Bank7 Corp. (BSVN) To Go Ex-Dividend on March 19th

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

Bank7 has raised its dividend by an average of 0.2%annually 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% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NASDAQ BSVN opened at $39.70 on Tuesday. Bank7 has a 1 year low of $32.49 and a 1 year high of $50.10. The stock has a market capitalization of $375.17 million, a P/E ratio of 8.84 and a beta of 0.96. The company’s 50-day moving average is $43.00 and its 200 day moving average is $43.69.

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

Insider Transactions at Bank7

In other news, CFO Kelly J. Harris sold 4,500 shares of the company’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 value of $205,875.00. Following the transaction, the chief financial officer owned 12,756 shares in the company, valued at approximately $583,587. This represents a 26.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 41.92% of the company’s stock.

Hedge Funds Weigh In On Bank7

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSVN. JPMorgan Chase & Co. increased its holdings in Bank7 by 2.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,766 shares of the company’s stock worth $534,000 after buying an additional 245 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Bank7 by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 672 shares of the company’s stock valued at $27,000 after acquiring an additional 294 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bank7 by 30.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,812 shares of the company’s stock valued at $84,000 after acquiring an additional 420 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Bank7 by 7.5% in the second quarter. First Trust Advisors LP now owns 6,030 shares of the company’s stock worth $252,000 after acquiring an additional 423 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Bank7 by 3.9% during the fourth quarter. Jane Street Group LLC now owns 12,254 shares of the company’s stock valued at $502,000 after purchasing an additional 458 shares during the last quarter. 23.48% of the stock is owned by 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.