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

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, March 17th, RTT News reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.335 per share by the financial services provider on Wednesday, April 9th. This represents a $1.34 dividend on an annualized basis 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% annually over the last three years. ServisFirst Bancshares has a dividend payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NYSE SFBS opened at $82.74 on Wednesday. The stock’s fifty day simple moving average is $87.79 and its 200 day simple moving average is $86.97. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.89 and a beta of 0.91. ServisFirst Bancshares has a 52-week low of $58.11 and a 52-week high of $101.37. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last announced 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 return on equity of 14.81% and a net margin of 23.16%. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, sell-side analysts forecast that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SFBS has been the subject of a number of recent research reports. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th. Piper Sandler increased their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th.

Insider Transactions at ServisFirst Bancshares

In other news, Director Christopher J. Mettler sold 18,000 shares of the business’s stock in a transaction on 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. The trade was a 50.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.40% of the company’s stock.

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.