ServisFirst Bancshares, Inc. (NASDAQ:SFBS) declared a quarterly dividend on Monday, June 17th, NASDAQ reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.15 per share by the financial services provider on Friday, July 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, June 28th.
ServisFirst Bancshares has raised its dividend by an average of 48.9% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. ServisFirst Bancshares has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ServisFirst Bancshares to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 22.1%.
SFBS stock opened at $33.01 on Thursday. The firm has a market cap of $1.75 billion, a P/E ratio of 12.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. ServisFirst Bancshares has a 52-week low of $29.90 and a 52-week high of $44.95. The company’s 50-day moving average is $32.79.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, April 15th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). ServisFirst Bancshares had a return on equity of 19.92% and a net margin of 37.87%. The business had revenue of $73.72 million during the quarter, compared to analysts’ expectations of $76.30 million. Equities research analysts expect that ServisFirst Bancshares will post 2.65 earnings per share for the current year.
A number of equities analysts have recently weighed in on SFBS shares. Zacks Investment Research downgraded ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. BidaskClub upgraded ServisFirst Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. ServisFirst Bancshares presently has an average rating of “Hold” and an average target price of $40.00.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, 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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