ServisFirst Bancshares, Inc. (NYSE:SFBS) Plans $0.30 Quarterly Dividend

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, June 17th, NASDAQ reports. Investors of record on Monday, July 1st will be given a dividend of 0.30 per share by the financial services provider on Tuesday, July 9th. This represents a $1.20 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, July 1st.

ServisFirst Bancshares has increased its dividend payment by an average of 16.3% annually over the last three years. ServisFirst Bancshares has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect ServisFirst Bancshares to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.6%.

ServisFirst Bancshares Trading Up 4.1 %

ServisFirst Bancshares stock opened at $63.19 on Friday. The firm has a market cap of $3.44 billion, a PE ratio of 17.31 and a beta of 0.90. ServisFirst Bancshares has a 12 month low of $39.27 and a 12 month high of $70.84. The stock’s 50 day simple moving average is $61.77 and its two-hundred day simple moving average is $63.08. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings results on Monday, April 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. ServisFirst Bancshares had a net margin of 22.31% and a return on equity of 14.65%. The firm had revenue of $111.31 million for the quarter, compared to the consensus estimate of $108.14 million. Analysts anticipate that ServisFirst Bancshares will post 3.75 earnings per share for the current year.

ServisFirst Bancshares Company Profile

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.