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

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, June 15th. Shareholders 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 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 increased 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. 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 Stock Performance

NYSE SFBS opened at $80.85 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.42 billion, a P/E ratio of 14.92 and a beta of 0.88. ServisFirst Bancshares has a 12-month low of $67.20 and a 12-month high of $90.64. The firm has a 50-day moving average price of $77.92 and a two-hundred day moving average price of $77.53.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share (EPS) 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 the consensus estimate of $162.07 million. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. Analysts anticipate that ServisFirst Bancshares will post 6.4 earnings per share for the current year.

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.