Bank7 (BSVN) Declares $0.16 Dividend

Bank7 said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.16 per share ($0.64 annualized). Previously, the company paid $0.16 per share.

Shares must be purchased before the ex-div date of March 21, 2023 to qualify for the dividend. Shareholders of record as of March 22, 2023 will receive the payment on April 7, 2023.

At the current share price of $28.38 / share, the stock's dividend yield is 2.26%. Looking back five years and taking a sample every week, the average dividend yield has been 2.63%, the lowest has been 1.59%, and the highest has been 5.92%. The standard deviation of yields is 0.95 (n=162).

The current dividend yield is 0.39 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.20%, demonstrating that it has increased its dividend over time.

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Analyst Price Forecast Suggests 24.59% Upside

As of March 4, 2023, the average one-year price target for Bank7 is $35.36. The forecasts range from a low of $30.30 to a high of $39.90. The average price target represents an increase of 24.59% from its latest reported closing price of $28.38.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Bank7 is $84MM, an increase of 23.48%. The projected annual non-GAAP EPS is $3.92.

What is the Fund Sentiment?

There are 81 funds or institutions reporting positions in Bank7. This is an increase of 5 owner(s) or 6.58% in the last quarter. Average portfolio weight of all funds dedicated to BSVN is 0.05%, a decrease of 19.43%. Total shares owned by institutions increased in the last three months by 2.88% to 2,942K shares.

What are Large Shareholders Doing?

Banc Funds Co holds 385K shares representing 4.22% ownership of the company. No change in the last quarter.

Alliancebernstein holds 332K shares representing 3.64% ownership of the company. No change in the last quarter.

Manufacturers Life Insurance Company, The holds 326K shares representing 3.57% ownership of the company. In it's prior filing, the firm reported owning 232K shares, representing an increase of 28.85%. The firm decreased its portfolio allocation in BSVN by 99.85% over the last quarter.

Basswood Capital Management, L.l.c. holds 230K shares representing 2.52% ownership of the company. In it's prior filing, the firm reported owning 262K shares, representing a decrease of 14.08%. The firm increased its portfolio allocation in BSVN by 1.94% over the last quarter.

FRBAX - Regional Bank Fund holds 154K shares representing 1.69% ownership of the company. In it's prior filing, the firm reported owning 115K shares, representing an increase of 25.40%. The firm increased its portfolio allocation in BSVN by 42.33% over the last quarter.

Bank7 Background Information
(This description is provided by the company.)

Bank7 Corp. is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its wholly-owned subsidiary, Bank7, the company operates nine full-service branches in Oklahoma, the Dallas/Fort Worth, Texasmetropolitan area, and Kansas. The bank is focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs. Bank7 intends to grow organically by selectively opening additional branches in its target markets as well as pursue strategic acquisitions.

This story originally appeared on Fintel.