Bank7 Corp. (BSVN) To Go Ex-Dividend on June 20th

Bank7 Corp. (NASDAQ:BSVN) announced a quarterly dividend on Wednesday, April 16th, Wall Street Journal reports. Stockholders of record on Friday, June 20th will be paid a dividend of 0.24 per share on Tuesday, July 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, June 20th.

Bank7 has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank7 to earn $4.12 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 23.3%.

Bank7 Price Performance

Shares of NASDAQ BSVN opened at $37.95 on Wednesday. The company has a 50 day simple moving average of $37.58 and a 200 day simple moving average of $40.77. Bank7 has a 1 year low of $27.84 and a 1 year high of $50.26. The firm has a market cap of $358.55 million, a PE ratio of 8.06 and a beta of 1.08.

Bank7 (NASDAQ:BSVN) last issued its quarterly earnings results on Thursday, April 10th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.11. The company had revenue of $22.60 million for the quarter, compared to analyst estimates of $22.58 million. Bank7 had a net margin of 32.03% and a return on equity of 21.57%. During the same quarter in the previous year, the business earned $1.21 earnings per share. As a group, research analysts anticipate that Bank7 will post 4.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their price target on Bank7 from $50.00 to $47.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bank7 stock. AQR Capital Management LLC purchased a new stake in Bank7 Corp. (NASDAQ:BSVN) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,869 shares of the company’s stock, valued at approximately $227,000. AQR Capital Management LLC owned approximately 0.06% of Bank7 at the end of the most recent quarter. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

Bank7 Company Profile

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.