Bank7 Corp. (BSVN) to Issue Quarterly Dividend of $0.27 on July 7th

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, April 16th. 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) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, June 18th.

Bank7 has raised its dividend by an average of 0.2%per year over the last three years and has increased 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. 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

Shares of BSVN opened at $45.69 on Tuesday. The company’s fifty day moving average is $43.59 and its 200 day moving average is $42.78. Bank7 has a fifty-two week low of $37.56 and a fifty-two week high of $50.10. The stock has a market capitalization of $434.97 million, a PE ratio of 9.80 and a beta of 0.92.

Bank7 (NASDAQ:BSVN) last released its quarterly earnings results on Tuesday, April 14th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.24. Bank7 had a net margin of 31.77% and a return on equity of 18.18%. The company had revenue of $26.16 million for the quarter, compared to the consensus estimate of $23.63 million. As a group, research analysts forecast that Bank7 will post 4.45 earnings per share for the current year.

Bank7 Company Profile

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.