ServisFirst Declares 2-for-1 Stock Split, Doubling Shares to 109M
SFBS sits 28% above its 52-week low of $67.2.
Summary
ServisFirst Bancshares, Inc. announced a two-for-one stock split in the form of a stock dividend, which will double outstanding shares to approximately 109.3 million. The split follows a strong Q2 earnings report with 40% EPS growth and record loan growth, and the stock is trading near a 52-week high of $90.64. The move signals management confidence and aims to improve liquidity and accessibility for a broader investor base. The effective date and distribution details are expected in a subsequent announcement.
At the time of this announcement, SFBS was trading at $86.17 on NYSE in the Finance sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $67.20 to $90.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.