ServisFirst Bancshares, Inc. (NYSE:SFBS) Plans $0.34 Quarterly Dividend

Key Points

• ServisFirst Bancshares, Inc. announced a quarterly dividend of $0.34 per share, payable on October 10th to shareholders on record as of October 1st, representing an annual yield of 1.6%.
• The company has a dividend payout ratio of 22.9% and is projected to maintain this with an expected future payout ratio of 21.8% based on anticipated earnings of $6.14 per share next year.
• ServisFirst Bancshares stock showed a slight increase of 0.1% during trading, closing at $83.78, with a market cap of $4.58 billion.

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

ServisFirst Bancshares has a payout ratio of 22.9% indicating that 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 $1.34 annual dividend with an expected future payout ratio of 21.8%.

ServisFirst Bancshares Price Performance

ServisFirst Bancshares stock traded down $1.93 during mid-day trading on Friday, hitting $84.13. 914,823 shares of the company were exchanged, compared to its average volume of 219,589. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $83.17 and a 200 day moving average of $78.69. ServisFirst Bancshares has a 1-year low of $66.48 and a 1-year high of $101.37. The company has a market capitalization of $4.60 billion, a PE ratio of 18.41 and a beta of 0.89.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last announced its earnings results on Monday, July 21st. The financial services provider reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. ServisFirst Bancshares had a return on equity of 15.47% and a net margin of 24.62%.The company had revenue of $132.11 million during the quarter, compared to analyst estimates of $140.26 million. During the same period last year, the company posted $0.95 earnings per share. As a group, sell-side analysts expect that ServisFirst Bancshares will post 5.17 earnings per share for the current year.

About ServisFirst Bancshares

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.