ServisFirst Bancshares, Inc. (SFBS) To Go Ex-Dividend on October 1st

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, September 21st. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.19 per share by the financial services provider on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 1st.

ServisFirst Bancshares has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. ServisFirst Bancshares has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ServisFirst Bancshares to earn $3.66 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 20.8%.

ServisFirst Bancshares Stock Down 0.1%

Shares of NYSE SFBS opened at $41.87 on Wednesday. ServisFirst Bancshares has a one year low of $33.60 and a one year high of $46.04. 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 firm’s 50 day simple moving average is $43.53 and its two-hundred day simple moving average is $40.77. The stock has a market capitalization of $4.58 billion, a P/E ratio of 14.26 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS) last released its earnings results on Monday, July 20th. The financial services provider reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $168.53 million for the quarter, compared to analyst estimates of $167.85 million. ServisFirst Bancshares had a net margin of 30.95% and a return on equity of 17.42%. As a group, analysts expect that ServisFirst Bancshares will post 3.23 EPS for the current fiscal year.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides banking and financial services to businesses, professionals and individuals.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash and treasury management, online and mobile banking, mortgage services, and wealth management solutions. Its lending activities include commercial real estate, construction, commercial and industrial, residential mortgage and consumer loans.

Founded in 2005, ServisFirst Bancshares has expanded its banking operations across several Southeastern states, including Alabama, Florida, Georgia, Tennessee, North Carolina and South Carolina.