ServisFirst Bancshares, Inc. (SFBS) to Issue Quarterly Dividend of $0.30 on October 8th

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, October 8th. This represents a $1.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, October 1st.

ServisFirst Bancshares has increased its dividend by an average of 16.3% per year over the last three years. ServisFirst Bancshares has a dividend payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect ServisFirst Bancshares to earn $4.55 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.4%.

ServisFirst Bancshares Stock Up 0.0 %

ServisFirst Bancshares stock traded up $0.03 during midday trading on Wednesday, reaching $81.54. The stock had a trading volume of 8,871 shares, compared to its average volume of 195,766. The firm’s fifty day simple moving average is $76.95 and its 200-day simple moving average is $67.39. ServisFirst Bancshares has a 1-year low of $45.21 and a 1-year high of $83.61. The stock has a market capitalization of $4.44 billion, a P/E ratio of 22.41 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94.

ServisFirst Bancshares (NYSE:SFBS) last announced its earnings results on Monday, July 15th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $114.77 million for the quarter, compared to analyst estimates of $114.80 million. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. As a group, analysts expect that ServisFirst Bancshares will post 3.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SFBS has been the topic of several recent analyst reports. Hovde Group boosted their price target on ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th. Piper Sandler increased their target price on ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th.

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.