ServisFirst Bancshares, Inc. (NYSE:SFBS) to Issue $0.19 Quarterly Dividend

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, September 21st. Investors of record on Thursday, October 1st will be given a dividend of 0.19 per share by the financial services provider on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 1st.

ServisFirst Bancshares has raised its dividend 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 payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ServisFirst Bancshares to earn $3.66 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 20.8%.

ServisFirst Bancshares Price Performance

Shares of NYSE SFBS opened at $41.90 on Tuesday. The company has a fifty day moving average price of $43.54 and a 200 day moving average price of $40.76. The firm has a market cap of $4.58 billion, a PE ratio of 14.32 and a beta of 0.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares has a 1-year low of $33.60 and a 1-year high of $46.04.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%.The company had revenue of $168.53 million during the quarter, compared to analysts’ expectations of $167.85 million. Research analysts predict that ServisFirst Bancshares will post 3.23 earnings per share for the current fiscal year.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides banking and financial services to businesses, professionals and individuals.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash and treasury management, online and mobile banking, mortgage services, and wealth management solutions. Its lending activities include commercial real estate, construction, commercial and industrial, residential mortgage and consumer loans.

Founded in 2005, ServisFirst Bancshares has expanded its banking operations across several Southeastern states, including Alabama, Florida, Georgia, Tennessee, North Carolina and South Carolina.