ServisFirst Bancshares, Inc. (SFBS) To Go Ex-Dividend on January 2nd

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, December 16th,RTT News reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.335 per share by the financial services provider on Friday, January 10th. This represents a $1.34 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, January 2nd. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30.

ServisFirst Bancshares has increased its dividend payment by an average of 16.3% per year over the last three years. ServisFirst Bancshares has a dividend payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ServisFirst Bancshares to earn $5.01 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 24.0%.

ServisFirst Bancshares Trading Down 2.3 %

Shares of SFBS stock opened at $92.25 on Wednesday. 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 has a 1 year low of $58.05 and a 1 year high of $101.37. The firm’s fifty day simple moving average is $90.43 and its 200 day simple moving average is $78.80. The firm has a market capitalization of $5.03 billion, a P/E ratio of 24.67 and a beta of 0.88.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. The business had revenue of $256.53 million during the quarter, compared to analyst estimates of $120.70 million. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, sell-side analysts predict that ServisFirst Bancshares will post 4.09 EPS for the current year.

Insider Activity

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $85.20, for a total transaction of $85,200.00. Following the transaction, the senior vice president now directly owns 8,501 shares in the company, valued at approximately $724,285.20. This represents a 10.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SFBS has been the subject of several research reports. Hovde Group lifted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com lowered ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, November 24th. Finally, Piper Sandler boosted their price target on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

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.