ServisFirst Bancshares, Inc. Declares Quarterly Dividend of $0.38 (NYSE:SFBS)

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.38 per share by the financial services provider on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, July 1st.

ServisFirst Bancshares has raised its dividend payment by an average of 0.1%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 26.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect ServisFirst Bancshares to earn $7.20 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 21.1%.

ServisFirst Bancshares Stock Down 1.9%

Shares of SFBS stock opened at $80.85 on Tuesday. The firm has a market capitalization of $4.42 billion, a P/E ratio of 14.92 and a beta of 0.88. ServisFirst Bancshares has a 1 year low of $67.20 and a 1 year high of $90.64. The firm’s fifty day moving average price is $77.92 and its two-hundred day moving average price is $77.53. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The company had revenue of $158.99 million for the quarter, compared to analyst estimates of $162.07 million. ServisFirst Bancshares had a net margin of 28.80% and a return on equity of 16.95%. On average, equities analysts predict that ServisFirst Bancshares will post 6.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC raised its holdings in ServisFirst Bancshares by 523.6% in the 4th quarter. Salomon & Ludwin LLC now owns 343 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 288 shares during the period. State of Wyoming bought a new stake in ServisFirst Bancshares in the 2nd quarter valued at about $29,000. Danske Bank A S bought a new stake in ServisFirst Bancshares in the 3rd quarter valued at about $32,000. Fifth Third Bancorp boosted its holdings in ServisFirst Bancshares by 105.1% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 290 shares during the period. Finally, CWM LLC boosted its holdings in ServisFirst Bancshares by 17.3% in the 4th quarter. CWM LLC now owns 955 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 141 shares during the period. 67.31% of the stock is owned by institutional investors.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama, and the parent of ServisFirst Bank. The company specializes in commercial banking services, catering primarily to small and mid-sized businesses, professionals and entrepreneurs. Its product portfolio encompasses commercial real estate lending, commercial and industrial loans, deposit accounts, treasury management and other ancillary banking products designed to meet the financial needs of its clients.

ServisFirst Bank offers a full suite of deposit products, including interest-bearing checking, money market accounts and certificates of deposit, as well as a variety of loan products.