ServisFirst Bancshares, Inc. (NYSE:SFBS - Get Free Report) declared a quarterly dividend on Tuesday, June 17th, RTT News reports. Investors of record on Tuesday, July 1st will be given a dividend of 0.335 per share by the financial services provider on Wednesday, July 9th. This represents a $1.34 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, July 1st.
ServisFirst Bancshares has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance
Shares of NYSE:SFBS traded up $0.65 during trading on Friday, hitting $72.97. 657,909 shares of the stock were exchanged, compared to its average volume of 230,490. ServisFirst Bancshares has a 1-year low of $58.51 and a 1-year high of $101.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The company's fifty day simple moving average is $73.30 and its 200-day simple moving average is $81.74. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 16.58 and a beta of 0.85.
ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. The company had revenue of $131.83 million during the quarter, compared to the consensus estimate of $134.13 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. Sell-side analysts expect that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.
Hedge Funds Weigh In On ServisFirst Bancshares
Several institutional investors have recently added to or reduced their stakes in SFBS. Caxton Associates LLP acquired a new stake in shares of ServisFirst Bancshares during the first quarter worth approximately $204,000. United Services Automobile Association acquired a new position in shares of ServisFirst Bancshares in the 1st quarter worth approximately $260,000. AQR Capital Management LLC grew its position in ServisFirst Bancshares by 70.9% during the 1st quarter. AQR Capital Management LLC now owns 8,989 shares of the financial services provider's stock worth $742,000 after acquiring an additional 3,730 shares during the last quarter. Royal Bank of Canada increased its holdings in ServisFirst Bancshares by 17.2% during the 1st quarter. Royal Bank of Canada now owns 16,815 shares of the financial services provider's stock valued at $1,390,000 after purchasing an additional 2,465 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ServisFirst Bancshares by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,194 shares of the financial services provider's stock valued at $2,494,000 after purchasing an additional 1,308 shares in the last quarter. 67.31% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Piper Sandler lowered their price target on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.
Check Out Our Latest Stock Report on ServisFirst Bancshares
ServisFirst Bancshares Company Profile
(
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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.
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