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

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, December 15th. Stockholders of record on Friday, January 2nd will be paid a dividend of 0.38 per share by the financial services provider on Tuesday, January 13th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 2nd. This is a 13.4% increase from ServisFirst Bancshares’s previous quarterly dividend of $0.34.

ServisFirst Bancshares has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. ServisFirst Bancshares has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6%

Shares of NYSE SFBS traded up $0.43 during midday trading on Tuesday, hitting $74.19. The stock had a trading volume of 27,784 shares, compared to its average volume of 234,416. The firm has a market cap of $4.05 billion, a P/E ratio of 15.92 and a beta of 0.94. ServisFirst Bancshares has a fifty-two week low of $66.48 and a fifty-two week high of $94.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day simple moving average is $72.70 and its 200 day simple moving average is $78.00.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Tuesday, August 10th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $104.27 million for the quarter. ServisFirst Bancshares had a return on equity of 15.67% and a net margin of 25.24%. Research analysts anticipate that ServisFirst Bancshares will post 5.17 EPS for the current year.

About ServisFirst Bancshares

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.