ServisFirst Bancshares Stock Scheduled to Split on Friday, August 21st (NYSE:SFBS)

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) are set to split before the market opens on Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly created shares will be issued to shareholders after the closing bell on Thursday, August 20th.

ServisFirst Bancshares Stock Performance

SFBS opened at $88.82 on Friday. ServisFirst Bancshares has a 1-year low of $67.20 and a 1-year high of $91.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 15.13 and a beta of 0.86. The business has a 50 day moving average price of $84.85 and a two-hundred day moving average price of $81.00.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings results on Monday, July 20th. The financial services provider reported $1.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.57. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. The company had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. Research analysts predict that ServisFirst Bancshares will post 6.46 EPS for the current fiscal year.

ServisFirst Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. ServisFirst Bancshares’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SFBS shares. Piper Sandler boosted their price objective on ServisFirst Bancshares from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ServisFirst Bancshares has an average rating of “Buy” and a consensus target price of $95.33.

Institutional Investors Weigh In On ServisFirst Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in ServisFirst Bancshares by 17.2% in the first quarter. Royal Bank of Canada now owns 16,815 shares of the financial services provider’s stock valued at $1,390,000 after acquiring an additional 2,465 shares during the last quarter. AQR Capital Management LLC grew its holdings in ServisFirst Bancshares by 70.9% in the 1st quarter. AQR Capital Management LLC now owns 8,989 shares of the financial services provider’s stock valued at $742,000 after buying an additional 3,730 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ServisFirst Bancshares by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,194 shares of the financial services provider’s stock worth $2,494,000 after acquiring an additional 1,308 shares during the last quarter. Millennium Management LLC grew its position in ServisFirst Bancshares by 107.3% in the 1st quarter. Millennium Management LLC now owns 146,442 shares of the financial services provider’s stock worth $12,096,000 after purchasing an additional 75,799 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in ServisFirst Bancshares during the first quarter valued at about $204,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

ServisFirst Bancshares Company Profile

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.