ServisFirst Bancshares, Inc. (SFBS) To Go Ex-Dividend on September 29th
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) declared a quarterly dividend on Tuesday, September 19th, Wall Street Journal reports. Stockholders of record on Monday, October 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, October 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, September 29th.
ServisFirst Bancshares (NASDAQ SFBS) opened at 38.49 on Thursday. ServisFirst Bancshares has a 52-week low of $25.00 and a 52-week high of $42.66. The stock’s 50 day moving average is $34.55 and its 200-day moving average is $36.23. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.33 and a beta of 1.40.
ServisFirst Bancshares (NASDAQ:SFBS) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The company had revenue of $60.37 million for the quarter, compared to the consensus estimate of $60.33 million. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. Equities research analysts anticipate that ServisFirst Bancshares will post $1.80 EPS for the current fiscal year.
In other news, Director James J. Filler purchased 3,546 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average cost of $32.79 per share, with a total value of $116,273.34. Following the purchase, the director now owns 1,313,152 shares in the company, valued at $43,058,254.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradford Alan Vieira sold 3,750 shares of ServisFirst Bancshares stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $34.38, for a total transaction of $128,925.00. Following the transaction, the executive vice president now directly owns 33,750 shares of the company’s stock, valued at $1,160,325. The disclosure for this sale can be found here. 14.04% of the stock is currently owned by insiders.
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SFBS has been the topic of a number of research reports. BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 28th. Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Stephens reissued a “hold” rating and issued a $38.00 price objective on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.67.
About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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