ServisFirst Bancshares, Inc. (NYSE:SFBS) to Issue $0.19 Quarterly Dividend

ServisFirst Bancshares, Inc. (NYSE:SFBS) announced a quarterly dividend on Monday, September 21st. Investors of record on Thursday, October 1st will be paid a dividend of 0.19 per share by the financial services provider on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, October 1st.

ServisFirst Bancshares has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 10 years. ServisFirst Bancshares has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect ServisFirst Bancshares to earn $3.66 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 20.8%.

ServisFirst Bancshares Trading Up 1.3%

NYSE SFBS opened at $41.98 on Tuesday. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 14.30 and a beta of 0.85. The stock’s 50 day moving average price is $43.54 and its two-hundred day moving average price is $40.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98. ServisFirst Bancshares has a 52 week low of $33.60 and a 52 week high of $46.04.

ServisFirst Bancshares (NYSE:SFBS) last released its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $168.53 million during the quarter, compared to the consensus estimate of $167.85 million. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%. As a group, analysts anticipate that ServisFirst Bancshares will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ServisFirst Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP lifted its stake in shares of ServisFirst Bancshares by 13.8% during the 2nd quarter. Engineers Gate Manager LP now owns 38,624 shares of the financial services provider’s stock worth $3,351,000 after buying an additional 4,683 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in ServisFirst Bancshares during the second quarter worth approximately $130,000. NewEdge Advisors LLC grew its holdings in shares of ServisFirst Bancshares by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 152,464 shares of the financial services provider’s stock worth $13,226,000 after purchasing an additional 31,764 shares in the last quarter. Allworth Financial LP increased its holdings in ServisFirst Bancshares by 306.1% in the 2nd quarter. Allworth Financial LP now owns 1,259 shares of the financial services provider’s stock valued at $109,000 after buying an additional 949 shares during the period. Finally, Nykredit A S bought a new position in ServisFirst Bancshares in the second quarter valued at approximately $310,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company headquartered in Birmingham, Alabama. Its principal subsidiary, ServisFirst Bank, provides banking and financial services to businesses, professionals and individuals.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash and treasury management, online and mobile banking, mortgage services, and wealth management solutions. Its lending activities include commercial real estate, construction, commercial and industrial, residential mortgage and consumer loans.

Founded in 2005, ServisFirst Bancshares has expanded its banking operations across several Southeastern states, including Alabama, Florida, Georgia, Tennessee, North Carolina and South Carolina.