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

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, December 4th. Investors of record on Monday, December 22nd will be paid a dividend of 0.27 per share on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, December 22nd.

Bank7 has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive 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 $4.12 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

BSVN traded down $1.03 on Thursday, hitting $42.10. The company had a trading volume of 6,114 shares, compared to its average volume of 22,462. The stock has a market cap of $397.85 million, a price-to-earnings ratio of 9.29 and a beta of 0.94. The company’s fifty day moving average price is $43.05 and its 200 day moving average price is $43.77. Bank7 has a 1-year low of $32.49 and a 1-year high of $50.26.

Bank7 (NASDAQ:BSVN) last announced its quarterly earnings results on Wednesday, October 15th. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.03 by $0.10. Bank7 had a return on equity of 19.11% and a net margin of 31.60%.The company had revenue of $25.24 million for the quarter, compared to the consensus estimate of $24.35 million. During the same quarter last year, the company posted $1.24 earnings per share. On average, sell-side analysts forecast that Bank7 will post 4.06 EPS for the current year.

Analyst Upgrades and Downgrades

BSVN has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank7 in a research report on Thursday, October 30th. Keefe, Bruyette & Woods dropped their price objective on Bank7 from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, October 16th. Finally, Zacks Research downgraded Bank7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.00.

About Bank7

Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access.