Equities research analysts forecast that ServisFirst Bancshares, Inc. (NASDAQ:SFBS) will report earnings of $0.92 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for ServisFirst Bancshares’ earnings, with estimates ranging from $0.90 to $0.95. ServisFirst Bancshares reported earnings of $0.75 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.7%. The business is scheduled to announce its next earnings results on Monday, July 19th.
According to Zacks, analysts expect that ServisFirst Bancshares will report full year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.65. For the next financial year, analysts forecast that the business will report earnings of $3.55 per share, with EPS estimates ranging from $3.39 to $3.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow ServisFirst Bancshares.
ServisFirst Bancshares (NASDAQ:SFBS) last posted its quarterly earnings data on Sunday, April 18th. The financial services provider reported $0.95 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.95. ServisFirst Bancshares had a return on equity of 17.79% and a net margin of 38.46%.
In other news, CFO William M. Foshee sold 3,000 shares of the stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $63.81, for a total transaction of $191,430.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J. Richard Cashio sold 82,000 shares of the stock in a transaction on Friday, March 12th. The stock was sold at an average price of $57.09, for a total value of $4,681,380.00. Over the last quarter, insiders have sold 146,400 shares of company stock valued at $8,588,212. Company insiders own 10.47% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $25,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $70,000. Daiwa Securities Group Inc. purchased a new position in ServisFirst Bancshares during the 1st quarter valued at about $178,000. ETF Managers Group LLC purchased a new position in ServisFirst Bancshares during the 4th quarter valued at about $125,000. Finally, RFG Advisory LLC purchased a new position in ServisFirst Bancshares during the 1st quarter valued at about $267,000. Institutional investors own 53.43% of the company’s stock.
NASDAQ SFBS opened at $65.27 on Friday. The business has a fifty day moving average price of $61.96 and a 200 day moving average price of $47.31. ServisFirst Bancshares has a one year low of $27.98 and a one year high of $66.39. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $3.53 billion, a P/E ratio of 22.13 and a beta of 1.25.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 9th. Stockholders of record on Thursday, April 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, March 31st. ServisFirst Bancshares’s dividend payout ratio is presently 29.20%.
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. The company accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. Its loan products include commercial lending products, such as 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ServisFirst Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServisFirst Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.