ServisFirst Bancshares, Inc. (SFBS) to Issue Quarterly Dividend of $0.34 on April 9th

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders 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 yield of 1.62%. The ex-dividend date is Tuesday, April 1st.

ServisFirst Bancshares has increased its dividend by an average of 14.2% per year over the last three years. ServisFirst Bancshares has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

NYSE:SFBS opened at $82.74 on Wednesday. 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 firm’s fifty day simple moving average is $87.79 and its 200-day simple moving average is $86.97. ServisFirst Bancshares has a fifty-two week low of $58.11 and a fifty-two week high of $101.37. The stock has a market cap of $4.52 billion, a PE ratio of 19.89 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same period last year, the firm earned $0.91 EPS. Analysts expect that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

Insider Buying and Selling at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the company’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 sale, the director now owns 17,436 shares in the company, valued at approximately $1,546,224.48. This represents 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. 7.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.