ServisFirst Bancshares, Inc. Announces Quarterly Dividend of $0.34 (NYSE:SFBS)

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.335 per share by the financial services provider on Wednesday, April 9th. This represents a $1.34 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, April 1st.

ServisFirst Bancshares has raised its dividend payment by an average of 14.2% annually over the last three years. ServisFirst Bancshares has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ServisFirst Bancshares to earn $6.14 per share next year, which means the company should continue to be able to cover its $1.34 annual dividend with an expected future payout ratio of 21.8%.

ServisFirst Bancshares Stock Down 1.2 %

Shares of ServisFirst Bancshares stock opened at $81.91 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $87.45 and a 200 day moving average of $87.19. The company has a market capitalization of $4.47 billion, a P/E ratio of 19.69 and a beta of 0.91. ServisFirst Bancshares has a 52-week low of $58.11 and a 52-week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period in the prior year, the business earned $0.91 earnings per share. As a group, research analysts forecast that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.

Insider Transactions at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the completion of the transaction, the director now owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Piper Sandler upped their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.