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

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

ServisFirst Bancshares has increased its dividend payment by an average of 14.2% annually over the last three years. ServisFirst Bancshares has a payout ratio of 21.8% meaning 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 Price Performance

Shares of SFBS opened at $83.02 on Tuesday. The company has a 50 day moving average price of $87.82 and a 200-day moving average price of $86.96. ServisFirst Bancshares has a fifty-two week low of $58.11 and a fifty-two week high of $101.37. The stock has a market capitalization of $4.53 billion, a PE ratio of 19.96 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. During the same quarter last year, the business posted $0.91 EPS. Equities analysts predict that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServisFirst Bancshares 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 transaction, the director now directly owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.