ServisFirst Bancshares, Inc. (SFBS) To Go Ex-Dividend on April 1st

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 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 1.64%. 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 payout ratio of 21.8% indicating that 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 1.2 %

SFBS stock opened at $81.91 on Friday. The firm has a market cap of $4.47 billion, a PE ratio of 19.69 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. The firm has a fifty day moving average price of $87.45 and a 200 day moving average price of $87.19. ServisFirst Bancshares has a fifty-two week low of $58.11 and a fifty-two week high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data 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 return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the previous year, the company posted $0.91 earnings per share. Sell-side analysts anticipate that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 17,436 shares in the company, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SFBS. Piper Sandler raised their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a 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.