ServisFirst Bancshares (NYSE:SFBS – Get 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
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
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.
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