ServisFirst Bancshares, Inc. (NASDAQ:SFBS) declared a quarterly dividend on Tuesday, December 19th, Wall Street Journal reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, January 12th. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, December 29th.
ServisFirst Bancshares (NASDAQ:SFBS) opened at $42.15 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $2,220.00, a PE ratio of 24.36 and a beta of 1.41. ServisFirst Bancshares has a one year low of $32.54 and a one year high of $44.00.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Monday, October 16th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $63.19 million for the quarter, compared to analysts’ expectations of $64.08 million. ServisFirst Bancshares had a net margin of 35.08% and a return on equity of 16.84%. equities research analysts forecast that ServisFirst Bancshares will post 1.82 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. BidaskClub cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.
In other news, CEO Rex D. Mckinney sold 33,000 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $40.68, for a total value of $1,342,440.00. Following the transaction, the chief executive officer now owns 37,340 shares in the company, valued at approximately $1,518,991.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP G. Carlton Barker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total transaction of $422,500.00. Following the completion of the transaction, the executive vice president now owns 126,462 shares in the company, valued at approximately $5,343,019.50. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock worth $2,497,540 in the last quarter. Company insiders own 14.04% of the company’s stock.
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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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