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

ServisFirst Bancshares, Inc. (NYSE:SFBS - Get Free Report) declared a quarterly dividend on Monday, March 17th, RTT News reports. Investors 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, April 1st.

ServisFirst Bancshares has raised 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. 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

SFBS stock traded down $0.24 during trading hours on Friday, hitting $81.76. 177,868 shares of the stock were exchanged, compared to its average volume of 204,794. The company has a 50-day simple moving average of $87.76 and a two-hundred day simple moving average of $86.91. The firm has a market capitalization of $4.46 billion, a P/E ratio of 19.60 and a beta of 0.91. ServisFirst Bancshares has a 12 month low of $58.11 and a 12 month high of $101.37. 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 - Get Free Report) 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 net margin of 23.16% and a return on equity of 14.81%. During the same period in the prior year, the company posted $0.91 earnings per share. On average, analysts forecast that ServisFirst Bancshares will post 5.17 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on SFBS. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

Insiders Place Their Bets

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.