ServisFirst Bancshares, Inc. (SFBS) to Issue Quarterly Dividend of $0.38 on April 13th

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 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 dividend payout ratio of 26.0% meaning 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 $1.52 annual dividend with an expected future payout ratio of 24.8%.

ServisFirst Bancshares Stock Down 0.4%

ServisFirst Bancshares stock opened at $73.42 on Wednesday. ServisFirst Bancshares has a 1-year low of $66.48 and a 1-year high of $90.64. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $4.01 billion, a PE ratio of 14.51 and a beta of 0.91. The stock’s fifty day moving average is $80.92 and its two-hundred day moving average is $77.73.

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, topping analysts’ consensus estimates of $1.38 by $0.20. The company had revenue of $162.21 million during the quarter, compared to the consensus estimate of $151.82 million. ServisFirst Bancshares had a return on equity of 16.36% and a net margin of 26.95%. On average, sell-side analysts expect that ServisFirst Bancshares will post 5.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on SFBS. Wall Street Zen upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of ServisFirst Bancshares in a report on Monday, December 29th. Piper Sandler upgraded shares of ServisFirst Bancshares from a “neutral” rating to an “overweight” rating and set a $89.00 price objective for the company in a research report on Wednesday, January 21st. Finally, Raymond James Financial upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $95.00 target price for the company in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $93.67.

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.