ServisFirst Bancshares (NYSE:SFBS) Stock Set to Split on Friday, August 21st

ServisFirst Bancshares, Inc. (NYSE:SFBS) shares are set to split before the market opens on Friday, August 21st. The 2-1 split was announced on Monday, July 20th. The newly minted shares will be payable to shareholders after the market closes on Thursday, August 20th.

ServisFirst Bancshares Price Performance

SFBS stock opened at $90.60 on Thursday. The firm has a 50 day moving average of $85.63 and a 200-day moving average of $81.15. ServisFirst Bancshares has a 12-month low of $67.20 and a 12-month high of $91.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 15.43 and a beta of 0.86.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, July 20th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.57. The business had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%. As a group, equities analysts expect that ServisFirst Bancshares will post 6.46 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.38 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.52 annualized dividend and a dividend yield of 1.7%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 25.89%.

Analyst Upgrades and Downgrades

SFBS has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of ServisFirst Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Piper Sandler lifted their price target on shares of ServisFirst Bancshares from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ServisFirst Bancshares has an average rating of “Buy” and a consensus price target of $95.33.

Hedge Funds Weigh In On ServisFirst Bancshares

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in ServisFirst Bancshares by 17.2% during the first 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 during the last quarter. AQR Capital Management LLC lifted its position in shares of ServisFirst Bancshares by 70.9% in the 1st quarter. AQR Capital Management LLC now owns 8,989 shares of the financial services provider’s stock worth $742,000 after buying an additional 3,730 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ServisFirst Bancshares by 4.5% in 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 buying an additional 1,308 shares during the period. Millennium Management LLC boosted its holdings in shares of ServisFirst Bancshares by 107.3% in the 1st quarter. Millennium Management LLC now owns 146,442 shares of the financial services provider’s stock valued at $12,096,000 after buying an additional 75,799 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of ServisFirst Bancshares during the 1st quarter valued at about $204,000. 67.31% of the stock is currently owned by institutional investors.

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.