ServisFirst Bancshares, Inc. (NASDAQ:SFBS) declared a quarterly dividend on Tuesday, June 19th, Wall Street Journal reports. Investors of record on Monday, July 2nd will be given a dividend of 0.11 per share by the financial services provider on Friday, July 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, June 29th.
Shares of NASDAQ:SFBS opened at $42.41 on Thursday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 22.08 and a beta of 1.28. ServisFirst Bancshares has a 12-month low of $32.54 and a 12-month high of $44.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, April 16th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $67.31 million during the quarter, compared to analyst estimates of $67.48 million. ServisFirst Bancshares had a net margin of 34.78% and a return on equity of 17.78%. equities analysts forecast that ServisFirst Bancshares will post 2.48 EPS for the current fiscal year.
In other ServisFirst Bancshares news, EVP Bradford Alan Vieira sold 7,500 shares of ServisFirst Bancshares stock in a transaction on Friday, April 20th. The shares were sold at an average price of $42.95, for a total transaction of $322,125.00. Following the completion of the sale, the executive vice president now owns 34,000 shares of the company’s stock, valued at approximately $1,460,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP W Bibb Lamar, Jr. sold 10,000 shares of ServisFirst Bancshares stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $42.75, for a total transaction of $427,500.00. Following the completion of the sale, the executive vice president now directly owns 38,000 shares of the company’s stock, valued at approximately $1,624,500. The disclosure for this sale can be found here. Insiders have sold a total of 106,800 shares of company stock valued at $4,548,475 in the last three months. Company insiders own 13.62% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. BidaskClub raised shares of ServisFirst Bancshares from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 24th. Finally, ValuEngine lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. ServisFirst Bancshares presently has an average rating of “Hold” and an average target price of $44.00.
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 various certificates of deposit.
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