ServisFirst Bancshares, Inc. (NYSE:SFBS) Declares Quarterly Dividend of $0.38

ServisFirst Bancshares, Inc. (NYSE:SFBS) declared a quarterly dividend on Monday, December 15th. Investors of record on Friday, January 2nd will be given a dividend of 0.38 per share by the financial services provider on Tuesday, January 13th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, January 2nd. This is a 13.4% increase from ServisFirst Bancshares’s previous quarterly dividend of $0.34.

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 22.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ServisFirst Bancshares to earn $6.14 per share next year, which means the company should continue to be able to cover its $1.34 annual dividend with an expected future payout ratio of 21.8%.

ServisFirst Bancshares Stock Performance

NYSE SFBS traded up $0.43 during trading hours on Tuesday, hitting $74.19. The company had a trading volume of 27,784 shares, compared to its average volume of 234,416. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm has a market cap of $4.05 billion, a P/E ratio of 15.92 and a beta of 0.94. ServisFirst Bancshares has a fifty-two week low of $66.48 and a fifty-two week high of $94.20. The business has a fifty day simple moving average of $72.70 and a 200-day simple moving average of $78.00.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Tuesday, August 10th. The financial services provider reported $1.07 EPS for the quarter. The business had revenue of $104.27 million during the quarter. ServisFirst Bancshares had a net margin of 25.24% and a return on equity of 15.67%. Equities analysts predict that ServisFirst Bancshares will post 5.17 EPS 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.