Bank7 Corp. (NASDAQ:BSVN) Raises Dividend to $0.30 Per Share

Bank7 Corp. (NASDAQ:BSVN) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, September 18th will be given a dividend of 0.30 per share on Thursday, October 8th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, September 18th. This is a 11.1% increase from Bank7’s previous quarterly dividend of $0.27.

Bank7 has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Bank7 has a dividend payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.7%

Bank7 stock opened at $51.76 on Friday. Bank7 has a 52-week low of $38.29 and a 52-week high of $55.41. The company has a market cap of $493.07 million, a P/E ratio of 11.84 and a beta of 0.90. The business has a 50-day simple moving average of $49.65 and a two-hundred day simple moving average of $45.13.

Bank7 (NASDAQ:BSVN) last posted its quarterly earnings data on Thursday, July 16th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.16). Bank7 had a return on equity of 16.48% and a net margin of 30.36%.The business had revenue of $22.91 million during the quarter, compared to analysts’ expectations of $23.86 million. Research analysts anticipate that Bank7 will post 4.26 EPS for the current fiscal 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.