ServisFirst Bancshares, Inc. (SFBS) Announces $0.05 Quarterly Dividend
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) announced a quarterly dividend on Tuesday, September 19th, Wall Street Journal reports. Shareholders of record on Monday, October 2nd will be given a dividend of 0.05 per share by the financial services provider on Friday, October 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, September 29th.
ServisFirst Bancshares (NASDAQ:SFBS) traded up 0.22% during mid-day trading on Tuesday, reaching $35.71. The company’s stock had a trading volume of 93,462 shares. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 21.64 and a beta of 1.40. The company’s 50-day moving average price is $34.56 and its 200 day moving average price is $36.28. ServisFirst Bancshares has a 52 week low of $25.00 and a 52 week high of $42.66.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $60.37 million during the quarter, compared to the consensus estimate of $60.33 million. ServisFirst Bancshares had a net margin of 35.15% and a return on equity of 16.67%. On average, equities analysts forecast that ServisFirst Bancshares will post $1.80 earnings per share for the current fiscal year.
In other news, EVP Rex D. Mckinney sold 75,000 shares of ServisFirst Bancshares stock in a transaction on Monday, August 21st. The shares were sold at an average price of $33.55, for a total transaction of $2,516,250.00. Following the completion of the sale, the executive vice president now directly owns 105,340 shares of the company’s stock, valued at approximately $3,534,157. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradford Alan Vieira sold 3,750 shares of ServisFirst Bancshares stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $34.38, for a total transaction of $128,925.00. Following the sale, the executive vice president now directly owns 33,750 shares of the company’s stock, valued at $1,160,325. The disclosure for this sale can be found here. Insiders own 14.04% of the company’s stock.
Several research firms have commented on SFBS. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens restated a “hold” rating and issued a $38.00 price target on shares of ServisFirst Bancshares in a research note on Wednesday, July 19th. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.67.
ServisFirst Bancshares Company Profile
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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