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ServisFirst Bancshares (NASDAQ:SFBS)’s stock is set to split on the morning of Thursday, July 17th, ARN reports. The 3-1 split was announced on Tuesday, June 17th. The newly created shares will be payable to shareholders after the market closes on Wednesday, July 16th.

Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded down 0.06% on Monday, hitting $86.51. 9,236 shares of the company’s stock traded hands. ServisFirst Bancshares has a 52 week low of $79.50 and a 52 week high of $92.88. The stock’s 50-day moving average is $86.15 and its 200-day moving average is $86.04. The company has a market cap of $654.4 million and a price-to-earnings ratio of 14.69.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, July 3rd.

SFBS has been the subject of a number of recent research reports. Analysts at Sandler O’Neill initiated coverage on shares of ServisFirst Bancshares in a research note on Monday, June 23rd. They set a “buy” rating and a $105.00 price target on the stock. Analysts at Raymond James initiated coverage on shares of ServisFirst Bancshares in a research note on Monday, June 23rd. They set an “outperform” rating and a $98.00 price target on the stock.

ServisFirst Bancshares, Inc is a bank holding company. The Company’s wholly owned subsidiary, ServisFirst Bank, an Alabama banking corporation, provides commercial banking services through 12 full-service banking offices located in Alabama and the panhandle of Florida, as well as a loan production office in Nashville, Tennessee.

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