Bank7 Corp. (BSVN) To Go Ex-Dividend on June 21st

Bank7 Corp. (NASDAQ:BSVNGet Rating) announced a quarterly dividend on Wednesday, June 8th, Zacks reports. Stockholders of record on Wednesday, June 22nd will be given a dividend of 0.12 per share on Thursday, July 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, June 21st.

Bank7 has a dividend payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank7 to earn $3.38 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 14.2%.

NASDAQ:BSVN opened at $23.41 on Friday. The stock has a market capitalization of $212.80 million, a P/E ratio of 8.80 and a beta of 1.88. The company has a 50 day moving average price of $23.50 and a 200 day moving average price of $23.68. Bank7 has a fifty-two week low of $16.90 and a fifty-two week high of $27.28.

Bank7 (NASDAQ:BSVNGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Bank7 had a net margin of 39.99% and a return on equity of 19.96%. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, equities analysts predict that Bank7 will post 3.07 earnings per share for the current year.

In related news, COO John T. Phillips sold 11,003 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $25.00, for a total transaction of $275,075.00. Following the completion of the transaction, the chief operating officer now owns 213,376 shares of the company’s stock, valued at approximately $5,334,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 43.85% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BSVN. The Manufacturers Life Insurance Company acquired a new stake in Bank7 during the 4th quarter worth approximately $5,228,000. Alliancebernstein L.P. raised its holdings in shares of Bank7 by 23.6% in the 4th quarter. Alliancebernstein L.P. now owns 261,578 shares of the company’s stock valued at $6,016,000 after purchasing an additional 49,995 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Bank7 in the 4th quarter valued at $386,000. Acadian Asset Management LLC raised its holdings in shares of Bank7 by 120.5% in the 1st quarter. Acadian Asset Management LLC now owns 24,006 shares of the company’s stock valued at $565,000 after purchasing an additional 13,121 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Bank7 by 35.5% in the 4th quarter. Renaissance Technologies LLC now owns 37,000 shares of the company’s stock valued at $851,000 after purchasing an additional 9,700 shares in the last quarter. Institutional investors own 47.79% of the company’s stock.

About Bank7 (Get Rating)

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 services, including 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.

See Also

Dividend History for Bank7 (NASDAQ:BSVN)

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