ServisFirst Bancshares (NASDAQ:SFBS) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

ServisFirst Bancshares (NASDAQ:SFBS) issued its earnings results on Sunday. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate 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%.

NASDAQ SFBS traded up $0.86 on Tuesday, hitting $43.73. 9,182 shares of the company were exchanged, compared to its average volume of 166,354. The company has a market cap of $2.36 billion, a PE ratio of 15.20 and a beta of 1.25. ServisFirst Bancshares has a 12 month low of $21.76 and a 12 month high of $45.83. The stock has a fifty day moving average of $41.46 and a 200-day moving average of $38.13. 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 also recently disclosed a quarterly dividend, which was paid on Friday, January 8th. Stockholders of record on Friday, January 1st were paid a $0.20 dividend. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, December 30th. ServisFirst Bancshares’s dividend payout ratio is currently 29.20%.

In other ServisFirst Bancshares news, CEO Thomas G. Trouche sold 4,121 shares of the firm’s stock in a transaction on Friday, November 13th. The shares were sold at an average price of $37.54, for a total value of $154,702.34. Also, CEO G. Carlton Barker sold 15,000 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $40.00, for a total transaction of $600,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,884 shares of company stock worth $2,203,491. 10.47% of the stock is owned by insiders.

Several brokerages have recently commented on SFBS. Piper Sandler boosted their target price on shares of ServisFirst Bancshares from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, October 20th. DA Davidson restated a “neutral” rating on shares of ServisFirst Bancshares in a research report on Wednesday, October 21st. Finally, Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, December 22nd.

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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