ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get Rating) announced a quarterly dividend on Thursday, June 23rd, Wall Street Journal reports. Shareholders of record on Friday, July 1st will be paid a dividend of 0.23 per share by the financial services provider on Friday, July 8th. This represents a $0.92 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, June 30th.
Shares of NASDAQ:SFBS traded down $0.96 on Thursday, reaching $75.59. The company had a trading volume of 140,777 shares, compared to its average volume of 190,576. ServisFirst Bancshares has a 52-week low of $63.28 and a 52-week high of $97.25. The firm’s 50 day simple moving average is $80.84 and its 200-day simple moving average is $84.64. The firm has a market capitalization of $4.10 billion, a PE ratio of 19.08 and a beta of 1.05. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last announced its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). ServisFirst Bancshares had a net margin of 46.29% and a return on equity of 18.82%. The company had revenue of $113.67 million during the quarter, compared to analysts’ expectations of $110.86 million. During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, equities research analysts predict that ServisFirst Bancshares will post 4.38 earnings per share for the current year.
In other ServisFirst Bancshares news, Director J. Richard Cashio sold 1,454 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $82.13, for a total transaction of $119,417.02. Following the completion of the transaction, the director now directly owns 448,045 shares in the company, valued at $36,797,935.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas A. Broughton bought 1,000 shares of the company’s stock in a transaction dated Friday, June 10th. The stock was bought at an average price of $76.23 per share, for a total transaction of $76,230.00. Following the transaction, the chief executive officer now owns 251,530 shares of the company’s stock, valued at $19,174,131.90. The disclosure for this purchase can be found here. 8.31% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. State Street Corp raised its stake in ServisFirst Bancshares by 6.9% during the first quarter. State Street Corp now owns 1,901,000 shares of the financial services provider’s stock worth $181,578,000 after purchasing an additional 121,916 shares during the period. Vanguard Group Inc. raised its holdings in shares of ServisFirst Bancshares by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,231,794 shares of the financial services provider’s stock valued at $498,537,000 after buying an additional 40,095 shares during the period. Federated Hermes Inc. lifted its stake in ServisFirst Bancshares by 234,035.3% during the 1st quarter. Federated Hermes Inc. now owns 39,803 shares of the financial services provider’s stock worth $3,793,000 after acquiring an additional 39,786 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in ServisFirst Bancshares by 419.1% during the 1st quarter. Neuberger Berman Group LLC now owns 27,176 shares of the financial services provider’s stock valued at $2,589,000 after acquiring an additional 21,941 shares during the period. Finally, MetLife Investment Management LLC increased its stake in ServisFirst Bancshares by 54.0% during the first quarter. MetLife Investment Management LLC now owns 26,637 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 9,335 shares during the period. Institutional investors own 62.48% of the company’s stock.
About ServisFirst Bancshares (Get Rating)
ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. 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 lending products, such as seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and 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, loans secured by deposits, and secured and unsecured personal loans.
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