ServisFirst Bancshares, Inc. (NASDAQ:SFBS) declared a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Tuesday, October 1st will be paid a dividend of 0.15 per share by the financial services provider on Friday, October 11th. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Monday, September 30th.

ServisFirst Bancshares has raised its dividend by an average of 48.9% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. ServisFirst Bancshares has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Analysts expect ServisFirst Bancshares to earn $2.63 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 22.8%.

Shares of SFBS stock traded up $0.07 on Wednesday, hitting $33.91. The stock had a trading volume of 582 shares, compared to its average volume of 100,697. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.39 and a beta of 1.33. The stock’s 50 day moving average is $31.27 and its 200-day moving average is $32.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.99 and a current ratio of 0.99. ServisFirst Bancshares has a 52-week low of $29.17 and a 52-week high of $41.33.

ServisFirst Bancshares (NASDAQ:SFBS) last announced its earnings results on Monday, July 15th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). The firm had revenue of $75.86 million during the quarter, compared to analysts’ expectations of $77.30 million. ServisFirst Bancshares had a net margin of 36.49% and a return on equity of 19.37%. Equities analysts expect that ServisFirst Bancshares will post 2.62 earnings per share for the current year.

Several research analysts have recently weighed in on SFBS shares. BidaskClub upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Zacks Investment Research raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday.

In related news, Director James J. Filler purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $29.65 per share, with a total value of $44,475.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradford Alan Vieira sold 16,484 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $33.20, for a total transaction of $547,268.80. The disclosure for this sale can be found here. Insiders purchased 4,334 shares of company stock worth $129,001 over the last ninety days. 13.56% of the stock is currently owned by corporate insiders.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, 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.

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Dividend History for ServisFirst Bancshares (NASDAQ:SFBS)

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