ServisFirst Bancshares, Inc. Plans Quarterly Dividend of $0.30 (NASDAQ:SFBS)

ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Free Report) declared a quarterly dividend on Monday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, April 9th. This represents a $1.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, March 28th.

ServisFirst Bancshares has raised its dividend by an average of 16.3% annually over the last three years and has raised its dividend every year for the last 10 years. ServisFirst Bancshares has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect ServisFirst Bancshares to earn $4.14 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 29.0%.

ServisFirst Bancshares Stock Performance

NASDAQ SFBS opened at $63.60 on Tuesday. ServisFirst Bancshares has a fifty-two week low of $39.27 and a fifty-two week high of $70.84. The firm has a market capitalization of $3.47 billion, a P/E ratio of 16.78 and a beta of 0.88. The stock’s fifty day moving average is $63.63 and its two-hundred day moving average is $57.89. 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 (NASDAQ:SFBSGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. ServisFirst Bancshares had a net margin of 24.52% and a return on equity of 15.48%. The firm had revenue of $109.07 million during the quarter, compared to analyst estimates of $107.00 million. On average, research analysts anticipate that ServisFirst Bancshares will post 3.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SFBS shares. Piper Sandler increased their price target on ServisFirst Bancshares from $55.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. StockNews.com raised ServisFirst Bancshares to a “sell” rating in a research note on Tuesday, January 23rd.

View Our Latest Stock Analysis on ServisFirst Bancshares

Institutional Investors Weigh In On ServisFirst Bancshares

A number of hedge funds have recently added to or reduced their stakes in SFBS. BlackRock Inc. raised its stake in shares of ServisFirst Bancshares by 2.5% in the second quarter. BlackRock Inc. now owns 7,695,538 shares of the financial services provider’s stock valued at $314,901,000 after acquiring an additional 184,398 shares in the last quarter. Vanguard Group Inc. increased its position in shares of ServisFirst Bancshares by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 5,478,138 shares of the financial services provider’s stock valued at $365,008,000 after purchasing an additional 47,885 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of ServisFirst Bancshares by 31.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,883 shares of the financial services provider’s stock valued at $200,868,000 after purchasing an additional 876,295 shares in the last quarter. State Street Corp lifted its position in shares of ServisFirst Bancshares by 11.0% during the 2nd quarter. State Street Corp now owns 2,352,317 shares of the financial services provider’s stock worth $96,914,000 after purchasing an additional 233,917 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of ServisFirst Bancshares by 21.2% during the first quarter. JPMorgan Chase & Co. now owns 1,589,159 shares of the financial services provider’s stock worth $86,815,000 after purchasing an additional 278,471 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

About ServisFirst Bancshares

(Get Free Report)

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.

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Dividend History for ServisFirst Bancshares (NASDAQ:SFBS)

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