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

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 1.61%.

ServisFirst Bancshares has raised its dividend payment 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. 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

ServisFirst Bancshares stock opened at $83.02 on Tuesday. The stock has a 50 day moving average of $87.82 and a 200-day moving average of $86.96. ServisFirst Bancshares has a 52 week low of $58.11 and a 52 week high of $101.37. The stock has a market cap of $4.53 billion, a P/E ratio of 19.96 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business earned $0.91 EPS. On average, analysts expect that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.

Insider Buying and Selling at ServisFirst Bancshares

In related news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 17,436 shares in the company, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.40% of the company’s stock.

Analyst Ratings Changes

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

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.