Bank7 Corp. (NASDAQ:BSVN – Get 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.
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.
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