ServisFirst Bancshares, Inc. (NYSE:SFBS) Declares $0.38 Quarterly Dividend

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, June 15th. Investors of record on Wednesday, July 1st will be given a dividend of 0.38 per share by the financial services provider on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

ServisFirst Bancshares has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 10 years. ServisFirst Bancshares has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ServisFirst Bancshares to earn $7.20 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 21.1%.

ServisFirst Bancshares Trading Down 1.9%

SFBS stock opened at $80.85 on Tuesday. The business has a fifty day moving average price of $77.92 and a 200 day moving average price of $77.53. ServisFirst Bancshares has a fifty-two week low of $67.20 and a fifty-two week high of $90.64. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 14.92 and a beta of 0.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $158.99 million during the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. Analysts expect that ServisFirst Bancshares will post 6.4 EPS for the current fiscal year.

Institutional Investors Weigh In On ServisFirst Bancshares

Several institutional investors have recently made changes to their positions in SFBS. Arete Wealth Advisors LLC bought a new stake in ServisFirst Bancshares during the first quarter worth $33,348,000. Bank of America Corp DE lifted its stake in ServisFirst Bancshares by 47.7% during the first quarter. Bank of America Corp DE now owns 135,140 shares of the financial services provider’s stock worth $9,842,000 after purchasing an additional 43,638 shares during the last quarter. Janus Henderson Group PLC lifted its stake in ServisFirst Bancshares by 685.5% during the first quarter. Janus Henderson Group PLC now owns 190,651 shares of the financial services provider’s stock worth $13,886,000 after purchasing an additional 166,379 shares during the last quarter. Amundi bought a new stake in ServisFirst Bancshares during the first quarter worth $234,000. Finally, EverSource Wealth Advisors LLC lifted its stake in ServisFirst Bancshares by 86.0% during the first quarter. EverSource Wealth Advisors LLC now owns 19,116 shares of the financial services provider’s stock worth $1,392,000 after purchasing an additional 8,836 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.