ServisFirst Bancshares Shares to Split on Friday, August 21st (NYSE:SFBS)

ServisFirst Bancshares, Inc. (NYSE:SFBS) shares are scheduled to split before the market opens on Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly issued shares will be payable to shareholders after the closing bell on Thursday, August 20th.

ServisFirst Bancshares Price Performance

Shares of ServisFirst Bancshares stock opened at $91.39 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98. ServisFirst Bancshares has a one year low of $67.20 and a one year high of $92.08. The business’s 50 day simple moving average is $86.16 and its two-hundred day simple moving average is $81.28. The stock has a market capitalization of $5.00 billion, a P/E ratio of 15.57 and a beta of 0.86.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, July 20th. The financial services provider reported $1.57 earnings per share for the quarter, meeting the consensus estimate of $1.57. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%.The firm had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. Analysts forecast that ServisFirst Bancshares will post 6.46 EPS for the current year.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, July 1st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

SFBS has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of ServisFirst Bancshares from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, ServisFirst Bancshares has a consensus rating of “Buy” and a consensus price target of $95.33.

Institutional Investors Weigh In On ServisFirst Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in ServisFirst Bancshares during the 2nd quarter valued at approximately $670,908,000. NewEdge Advisors LLC boosted its holdings in ServisFirst Bancshares by 307,426.8% in the fourth quarter. NewEdge Advisors LLC now owns 919,505 shares of the financial services provider’s stock worth $66,011,000 after acquiring an additional 919,206 shares in the last quarter. Davis Asset Management L.P. bought a new stake in ServisFirst Bancshares in the second quarter worth $78,975,000. Copeland Capital Management LLC bought a new stake in ServisFirst Bancshares in the first quarter worth $54,879,000. Finally, Norges Bank purchased a new stake in shares of ServisFirst Bancshares in the fourth quarter worth $47,908,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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.