Bank7 Corp. (NASDAQ:BSVN – Get Free Report) declared a quarterly dividend on Thursday, August 20th. Investors 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, September 18th. This is a 11.1% increase from Bank7’s previous quarterly dividend of $0.27.
Bank7 has raised its dividend payment by an average of 0.2%annually over the last three years and has increased 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. Research 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
Bank7 stock opened at $51.83 on Friday. Bank7 has a fifty-two week low of $38.29 and a fifty-two week high of $55.41. The firm has a 50 day moving average price of $49.76 and a 200 day moving average price of $45.18. The company has a market capitalization of $493.94 million, a PE ratio of 11.86 and a beta of 0.90.
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.
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