ServisFirst Bancshares (NASDAQ:SFBS) Issues Quarterly Earnings Results

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ServisFirst Bancshares (NASDAQ:SFBS) released its quarterly earnings data on Monday. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03), Morningstar.com reports. The company had revenue of $75.86 million during the quarter, compared to analyst estimates of $77.30 million. ServisFirst Bancshares had a net margin of 36.49% and a return on equity of 19.81%.

Shares of SFBS opened at $32.41 on Wednesday. The business’s fifty day simple moving average is $32.95. ServisFirst Bancshares has a 12 month low of $29.90 and a 12 month high of $44.06. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 12.81 and a beta of 1.30. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Monday, July 1st were paid a $0.15 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.60 annualized dividend and a yield of 1.85%. ServisFirst Bancshares’s dividend payout ratio is presently 23.72%.

Several institutional investors and hedge funds have recently made changes to their positions in SFBS. Signaturefd LLC bought a new stake in shares of ServisFirst Bancshares during the 1st quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of ServisFirst Bancshares during the 1st quarter worth $35,000. First Hawaiian Bank boosted its holdings in shares of ServisFirst Bancshares by 38.6% during the 1st quarter. First Hawaiian Bank now owns 3,512 shares of the financial services provider’s stock worth $119,000 after buying an additional 979 shares during the period. Denali Advisors LLC bought a new stake in shares of ServisFirst Bancshares during the 2nd quarter worth $123,000. Finally, Eukles Asset Management bought a new stake in shares of ServisFirst Bancshares during the 1st quarter worth $189,000. Institutional investors own 47.67% of the company’s stock.

SFBS has been the topic of several research reports. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. ServisFirst Bancshares presently has an average rating of “Hold” and a consensus price target of $40.00.

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, or acquisition of property, 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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