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

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.38 per share by the financial services provider on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

ServisFirst Bancshares has increased its dividend 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 dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ServisFirst Bancshares to earn $7.20 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 21.1%.

ServisFirst Bancshares Stock Up 0.5%

NYSE SFBS opened at $81.49 on Wednesday. The stock has a market cap of $4.45 billion, a PE ratio of 15.04 and a beta of 0.88. ServisFirst Bancshares has a fifty-two week low of $67.20 and a fifty-two week high of $90.64. The business has a 50 day moving average price of $78.09 and a two-hundred day moving average price of $77.60. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.02.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, April 20th. The financial services provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.01. The firm had revenue of $158.99 million during the quarter, compared to analysts’ expectations of $162.07 million. ServisFirst Bancshares had a return on equity of 16.95% and a net margin of 28.80%. As a group, sell-side analysts predict that ServisFirst Bancshares will post 6.4 EPS for the current fiscal year.

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.