ServisFirst Bancshares Inc. (NASDAQ:SFBS) declared a quarterly dividend on Tuesday, September 20th. Investors 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 yield of 0.61%. The ex-dividend date is Friday, September 30th.
ServisFirst Bancshares (NASDAQ:SFBS) opened at 52.00 on Thursday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 18.51 and a beta of 1.19. ServisFirst Bancshares has a 52 week low of $34.12 and a 52 week high of $53.58. The company has a 50-day moving average of $51.62 and a 200-day moving average of $49.17.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its earnings results on Monday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. ServisFirst Bancshares had a net margin of 34.23% and a return on equity of 15.77%. On average, equities analysts forecast that ServisFirst Bancshares will post $2.79 earnings per share for the current fiscal year.
In related news, EVP Rex D. Mckinney sold 48,000 shares of ServisFirst Bancshares stock in a transaction 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 completion of the transaction, the executive vice president now owns 28,000 shares of the company’s stock, valued at $1,408,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew N. Kattos sold 11,741 shares of ServisFirst Bancshares stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $52.39, for a total transaction of $615,110.99. Following the transaction, the executive vice president now directly owns 128,259 shares of the company’s stock, valued at approximately $6,719,489.01. The disclosure for this sale can be found here. Insiders own 14.28% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SFBS. BlackRock Fund Advisors increased its position in shares of ServisFirst Bancshares by 147.9% in the second quarter. BlackRock Fund Advisors now owns 1,403,955 shares of the financial services provider’s stock worth $69,341,000 after buying an additional 837,607 shares in the last quarter. Vanguard Group Inc. increased its stake in ServisFirst Bancshares by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,007,306 shares of the financial services provider’s stock valued at $49,751,000 after buying an additional 221,357 shares during the period. State Street Corp increased its stake in ServisFirst Bancshares by 18.1% in the second quarter. State Street Corp now owns 523,988 shares of the financial services provider’s stock valued at $25,880,000 after buying an additional 80,336 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in ServisFirst Bancshares by 32.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 471,685 shares of the financial services provider’s stock valued at $23,297,000 after buying an additional 114,565 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in ServisFirst Bancshares by 54.4% in the second quarter. Dimensional Fund Advisors LP now owns 353,139 shares of the financial services provider’s stock valued at $17,441,000 after buying an additional 124,358 shares during the period. 34.03% of the stock is owned by institutional investors and hedge funds.
SFBS has been the topic of a number of research analyst reports. Raymond James Financial Inc. upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
About ServisFirst Bancshares
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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