ServisFirst Bancshares (NASDAQ:SFBS) Issues Earnings Results, Beats Expectations By $0.13 EPS

ServisFirst Bancshares (NASDAQ:SFBS) announced its quarterly earnings results on Sunday. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.13, MarketWatch Earnings reports. ServisFirst Bancshares had a net margin of 38.46% and a return on equity of 17.79%.

SFBS stock traded up $0.86 during trading on Tuesday, reaching $43.73. The stock had a trading volume of 9,182 shares, compared to its average volume of 166,354. ServisFirst Bancshares has a 1-year low of $21.76 and a 1-year high of $45.83. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.36 billion, a P/E ratio of 15.20 and a beta of 1.25. The firm has a fifty day moving average price of $41.46 and a 200 day moving average price of $38.13.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 8th. Shareholders of record on Friday, January 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 30th. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.18. ServisFirst Bancshares’s payout ratio is currently 29.20%.

In other ServisFirst Bancshares news, CEO Andrew N. Kattos sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $41.51, for a total value of $747,180.00. Also, CEO Thomas G. Trouche sold 4,121 shares of the business’s stock in a transaction on Friday, November 13th. The stock was sold at an average price of $37.54, for a total transaction of $154,702.34. Insiders sold a total of 54,884 shares of company stock worth $2,203,491 in the last quarter. 10.47% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on the stock. Piper Sandler upped their price target on shares of ServisFirst Bancshares from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 20th. Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, December 22nd. Finally, DA Davidson reaffirmed a “neutral” rating on shares of ServisFirst Bancshares in a research report on Wednesday, October 21st.

About ServisFirst Bancshares

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, 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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Earnings History for ServisFirst Bancshares (NASDAQ:SFBS)

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