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

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 1.61%.

ServisFirst Bancshares has raised 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 Trading Down 0.4 %

Shares of NYSE SFBS traded down $0.37 during midday trading on Monday, hitting $83.02. The company’s stock had a trading volume of 180,597 shares, compared to its average volume of 204,107. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $87.86 and its two-hundred day moving average is $86.94. ServisFirst Bancshares has a 12-month low of $58.11 and a 12-month high of $101.37. The firm has a market cap of $4.53 billion, a P/E ratio of 19.96 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 EPS. As a group, equities research analysts expect that ServisFirst Bancshares will post 5.17 EPS for the current year.

Insider Buying and Selling

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the sale, the director now owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on SFBS shares. StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Piper Sandler increased their price objective on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note 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.