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

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, March 16th. Investors of record on Wednesday, April 1st will be given a dividend of 0.38 per share by the financial services provider on Monday, April 13th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 1st.

ServisFirst Bancshares has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. ServisFirst Bancshares has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ServisFirst Bancshares to earn $6.14 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 24.8%.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $73.87 on Tuesday. The company’s fifty day simple moving average is $80.94 and its 200-day simple moving average is $77.83. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares has a 52 week low of $66.48 and a 52 week high of $90.64. The company has a market cap of $4.03 billion, a PE ratio of 14.60 and a beta of 0.91.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%.The firm had revenue of $162.21 million during the quarter, compared to the consensus estimate of $151.82 million. As a group, equities research analysts anticipate that ServisFirst Bancshares will post 5.17 EPS for the current year.

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.