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

ServisFirst Bancshares (NYSE:SFBSGet Free Report) released its quarterly earnings data on Monday. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13, Yahoo Finance reports. ServisFirst Bancshares had a return on equity of 14.19% and a net margin of 21.25%. The company had revenue of $256.53 million during the quarter, compared to the consensus estimate of $120.70 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share.

ServisFirst Bancshares Stock Performance

NYSE:SFBS opened at $83.50 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. ServisFirst Bancshares has a fifty-two week low of $45.21 and a fifty-two week high of $88.86. The company has a 50 day simple moving average of $79.78 and a two-hundred day simple moving average of $70.36. The company has a market capitalization of $4.55 billion, a PE ratio of 22.91 and a beta of 0.86.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, October 1st. ServisFirst Bancshares’s payout ratio is presently 33.15%.

Wall Street Analysts Forecast Growth

SFBS has been the subject of several recent research reports. Hovde Group upped their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research report on Tuesday. Piper Sandler boosted their price objective on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th.

Check Out Our Latest Stock Analysis on SFBS

Insider Transactions at ServisFirst Bancshares

In other news, COO Rodney Eldon Rushing sold 12,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the sale, the chief operating officer now directly owns 307,837 shares in the company, valued at $24,805,505.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.40% of the company’s stock.

About ServisFirst Bancshares

(Get Free Report)

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.

Featured Stories

Earnings History for ServisFirst Bancshares (NYSE:SFBS)

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.