ServisFirst Bancshares, Inc. (NASDAQ:SFBS – Get a rating) declared a quarterly dividend on Wednesday, September 21, the wall street journal reports. Shareholders of record on Monday, October 3 will receive a dividend of 0.23 per share from the financial services provider on Friday, October 7. This represents an annualized dividend of $0.92 and a yield of 1.09%. The ex-date of this dividend is Friday, September 30.
ServisFirst Banc shares down 0.9%
Shares of NASDAQ SFBS were down $0.80 midday Wednesday, hitting $84.38. 122,500 shares of the stock traded in hands, compared to its average volume of 173,680. The company has a market capitalization of $4.58 billion, a PE ratio of 20.53 and a beta of 1.01. ServisFirst Bancshares has a one-year minimum of $72.55 and a one-year maximum of $97.25. The company has a 50-day moving average price of $85.35 and a two-hundred-day moving average price of $84.05. The company has a debt ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93.
ServisFirst Bancshares (NASDAQ:SFBS – Get a rating) last released its quarterly earnings data on Monday, July 18. The financial services provider reported EPS of $1.14 for the quarter, beating the consensus estimate of $1.08 by $0.06. ServisFirst Bancshares achieved a return on equity of 19.30% and a net margin of 46.52%. The company had revenue of $125.87 million in the quarter, versus a consensus estimate of $120.00 million. In the same quarter a year earlier, the company posted earnings per share of $0.92. On average, equity analysts expect ServisFirst Bancshares to post 4.63 EPS for the current year.
Insider buying and selling
In other ServisFirst Bancshares news, Chief Financial Officer William M. Foshee sold 3,000 shares of the company in a trade dated Tuesday August 16th. The stock was sold at an average price of $92.89, for a total value of $278,670.00. Following the transaction, the CFO now directly owns 265,747 shares of the company, valued at approximately $24,685,238.83. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this hyperlink. 8.31% of the shares are currently held by insiders.
Hedge funds weigh on ServisFirst Bancshares
Several institutional investors and hedge funds have been buying and selling stocks recently. Point72 Hong Kong Ltd increased its position in ServisFirst Bancshares by 1,043.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,230 shares of the financial services provider valued at $176,000 after buying an additional 2,035 shares last quarter. Jane Street Group LLC increased its equity stake in ServisFirst Bancshares by 17.8% in the second quarter. Jane Street Group LLC now owns 2,973 shares of the financial services provider worth $235,000 after acquiring an additional 449 shares during the period. Advisor Group Holdings Inc. increased its equity stake in ServisFirst Bancshares by 110.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,457 shares of the financial services provider worth $253,000 after acquiring an additional 1,288 shares during the period. Evergreen Capital Management LLC increased its equity stake in ServisFirst Bancshares by 9.1% in the first quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider worth $298,000 after acquiring an additional 261 shares during the period. Finally, Millennium Management LLC purchased a new position in ServisFirst Bancshares during the second quarter worth approximately $517,000. 64.14% of the shares are currently held by institutional investors.
About ServisFirst Bancshares
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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