ServisFirst Bancshares (SFBS) Projected to Post Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS) is projected to post its quarterly earnings results after the market closes on Monday, January 27th. Analysts expect ServisFirst Bancshares to post earnings of $1.11 per share and revenue of $126,645.00 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

ServisFirst Bancshares (NYSE:SFBS) last issued its quarterly earnings data on Monday, October 21st. The financial services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $0.97 by $0.13. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. The firm had revenue of $256.53 million for the quarter, compared to analyst estimates of $120.70 million. During the same period in the prior year, the business posted $0.98 EPS. On average, analysts expect ServisFirst Bancshares to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $89.01 on Monday. The firm’s 50 day moving average price is $90.67 and its 200-day moving average price is $83.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. ServisFirst Bancshares has a one year low of $58.05 and a one year high of $101.37. The firm has a market cap of $4.86 billion, a P/E ratio of 23.80 and a beta of 0.91.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were issued a $0.335 dividend. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. This represents a $1.34 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio is currently 35.83%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Hovde Group upped their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Piper Sandler increased their price objective on shares of ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Insider Transactions at ServisFirst Bancshares

In other news, SVP Henry Fulbrook Abbott sold 1,000 shares of ServisFirst Bancshares stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $85.20, for a total value of $85,200.00. Following the sale, the senior vice president now owns 8,501 shares of the company’s stock, valued at $724,285.20. The trade was a 10.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.40% of the company’s stock.

About ServisFirst Bancshares

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, including 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.