ServisFirst Bancshares, Inc. (NYSE:SFBS) Announces $0.30 Quarterly Dividend

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, October 1st.

ServisFirst Bancshares has raised its dividend payment by an average of 16.3% annually over the last three years. ServisFirst Bancshares has a payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE SFBS traded up $0.03 during mid-day trading on Wednesday, hitting $81.54. The company had a trading volume of 8,871 shares, compared to its average volume of 195,766. ServisFirst Bancshares has a 1 year low of $45.21 and a 1 year high of $83.61. The stock’s 50-day moving average price is $76.95 and its 200-day moving average price is $67.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.41 and a beta of 0.87.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 15th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. The firm had revenue of $114.77 million during the quarter, compared to analysts’ expectations of $114.80 million. On average, sell-side analysts forecast that ServisFirst Bancshares will post 3.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SFBS. Hovde Group increased their target price 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 company a “neutral” rating in a research note 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.