ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Declares Quarterly Dividend of $0.23

ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get a rating) announced a quarterly dividend on Wednesday, March 23, the wall street journal reports. Investors of record on Friday, April 1 will receive a dividend of 0.23 per share from the financial services provider on Friday, April 8. This represents a dividend of $0.92 on an annualized basis and a yield of 1.02%. The ex-dividend date is Thursday, March 31.

ServisFirst Bancshares has reduced its dividend by 58.3% over the past three years.

ServisFirst Bancshares stock traded at $4.14 at midday Wednesday, hitting $90.21. 148,861 shares of the company were traded, against an average volume of 185,406. The company has a market capitalization of $4.90 billion, a PE ratio of 23.84 and a beta of 1.00. ServisFirst Bancshares has a one-year minimum of $58.68 and a one-year maximum of $94.87. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt ratio of 0.06. The company’s 50-day simple moving average is $86.52 and its 200-day simple moving average is $82.74.

ServisFirst Bancshares (NASDAQ:SFBS – Get a rating) last released its quarterly earnings data on Monday, January 24. The financial services provider reported earnings per share (EPS) of $1.03 for the quarter, beating analyst consensus estimates of $0.98 by $0.05. The company posted revenue of $108.52 million in the quarter, versus a consensus estimate of $108.08 million. ServisFirst Bancshares posted a net margin of 46.19% and a return on equity of 19.22%. In the same quarter last year, the company posted earnings per share of $0.94. On average, sell-side analysts expect ServisFirst Bancshares to post earnings per share of 4.11 for the current year.

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Several hedge funds and other institutional investors have recently changed their positions in SFBS. BlackRock Inc. increased its position in shares of ServisFirst Bancshares by 2.3% during the 4th quarter. BlackRock Inc. now owns 7,423,879 shares of the financial services provider valued at $630,583,000 after purchasing an additional 166,071 shares last quarter. Morgan Stanley increased its stake in ServisFirst Bancshares by 33.5% in the second quarter. Morgan Stanley now owns 215,640 shares of the financial services provider worth $14,659,000 after acquiring an additional 54,092 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in ServisFirst Bancshares shares by 0.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 170,219 shares of the financial services provider valued at $14,458,000 after acquiring an additional 1,001 shares in the last quarter. Legal & General Group Plc increased its holdings of ServisFirst Bancshares shares by 3.2% during the fourth quarter. Legal & General Group Plc now owns 144,156 shares of the financial services provider worth $12,244,000 after buying an additional 4,409 shares last quarter. Finally, Goldman Sachs Group Inc. increased its stake in ServisFirst Bancshares by 110.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 141,526 shares of the financial services provider valued at $12,021,000 after buying an additional 74,214 shares last quarter. Institutional investors hold 61.47% of the company’s shares.

Separately, Zacks Investment Research upgraded ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a target price of $97.00 on the stock in a Thursday, Jan. 6 research note. Four research analysts rated the stock with a hold rating and one gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.00.

ServisFirst Bancshares Company Profile (Get a rating)

ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. It accepts demand, time, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. The Company’s loan products include commercial loan products, such as seasonal, bridging and term loans for working capital, business expansion, acquisition of property, plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, deposit-backed loans, and secured and unsecured personal loans.

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Dividend history for ServisFirst Bancshares (NASDAQ:SFBS)

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