ServisFirst Bancshares Inc. (SFBS) Announces Quarterly Dividend of $0.08
ServisFirst Bancshares Inc. (NASDAQ:SFBS) declared a quarterly dividend on Tuesday, September 20th. Stockholders of record on Tuesday, October 4th will be paid a dividend of 0.08 per share by the financial services provider on Friday, October 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, September 30th.
A number of equities analysts have recently commented on the stock. Raymond James Financial Inc. upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Thursday, August 25th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd.
Shares of ServisFirst Bancshares (NASDAQ:SFBS) traded up 0.20% during trading on Tuesday, reaching $50.92. 19,285 shares of the company were exchanged. The stock has a 50-day moving average price of $51.36 and a 200-day moving average price of $48.57. The stock has a market capitalization of $1.34 billion, a PE ratio of 18.13 and a beta of 1.19. ServisFirst Bancshares has a one year low of $34.12 and a one year high of $53.58.
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ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Monday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. Analysts forecast that ServisFirst Bancshares will post $2.79 EPS for the current year.
In related news, EVP Rex D. Mckinney sold 48,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $50.32, for a total transaction of $2,415,360.00. Following the sale, the executive vice president now owns 28,000 shares of the company’s stock, valued at approximately $1,408,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.28% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. BlackRock Advisors LLC raised its stake in ServisFirst Bancshares by 5.7% in the second quarter. BlackRock Advisors LLC now owns 10,722 shares of the financial services provider’s stock worth $530,000 after buying an additional 574 shares during the period. Banc Funds Co. LLC raised its position in shares of ServisFirst Bancshares by 0.8% in the second quarter. Banc Funds Co. LLC now owns 121,600 shares of the financial services provider’s stock worth $6,006,000 after buying an additional 1,000 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of ServisFirst Bancshares by 2.5% in the second quarter. Lord Abbett & CO. LLC now owns 59,966 shares of the financial services provider’s stock worth $2,961,000 after buying an additional 1,475 shares during the last quarter. US Bancorp DE bought a new position in shares of ServisFirst Bancshares during the second quarter worth approximately $132,000. Finally, Teachers Advisors Inc. raised its position in shares of ServisFirst Bancshares by 8.0% in the second quarter. Teachers Advisors Inc. now owns 36,823 shares of the financial services provider’s stock worth $1,819,000 after buying an additional 2,743 shares during the last quarter. 34.03% of the stock is currently owned by institutional investors and hedge funds.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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