ServisFirst Bancshares, Inc. (SFBS) to Issue Quarterly Dividend of $0.34 on October 10th

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, September 15th, RTT News reports. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.335 per share by the financial services provider on Friday, October 10th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 1st.

ServisFirst Bancshares has a dividend payout ratio of 22.9% 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

Shares of SFBS stock opened at $82.66 on Monday. The firm has a market capitalization of $4.51 billion, a PE ratio of 18.09 and a beta of 0.89. The firm has a fifty day simple moving average of $83.24 and a two-hundred day simple moving average of $78.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares has a 12 month low of $66.48 and a 12 month high of $101.37.

ServisFirst Bancshares (NYSE:SFBS) last posted its quarterly earnings data on Monday, July 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $132.11 million for the quarter, compared to the consensus estimate of $140.26 million. ServisFirst Bancshares had a net margin of 24.62% and a return on equity of 15.47%. During the same period in the previous year, the firm earned $0.95 EPS. Analysts forecast that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.

Insider Buying and Selling

In other ServisFirst Bancshares news, CEO Thomas A. Broughton sold 22,206 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $87.99, for a total transaction of $1,953,905.94. Following the transaction, the chief executive officer directly owned 592,588 shares in the company, valued at $52,141,818.12. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SFBS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in ServisFirst Bancshares by 36.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,153 shares of the financial services provider’s stock worth $8,148,000 after purchasing an additional 25,785 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ServisFirst Bancshares by 2,878.9% in the first quarter. GAMMA Investing LLC now owns 140,337 shares of the financial services provider’s stock worth $11,592,000 after purchasing an additional 135,626 shares during the last quarter. Butensky & Cohen Financial Security Inc. acquired a new stake in ServisFirst Bancshares during the first quarter worth about $480,000. SG Americas Securities LLC acquired a new stake in ServisFirst Bancshares during the first quarter worth about $991,000. Finally, Handelsbanken Fonder AB grew its holdings in ServisFirst Bancshares by 20.6% during the first quarter. Handelsbanken Fonder AB now owns 14,023 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 2,400 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Company Profile

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.