ServisFirst Bancshares (NASDAQ:SFBS) Issues Earnings Results

Share on StockTwits

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

Shares of NASDAQ SFBS traded up $0.86 during midday trading on Tuesday, hitting $43.73. 9,182 shares of the company’s stock traded hands, compared to its average volume of 166,354. ServisFirst Bancshares has a 1 year low of $21.76 and a 1 year high of $45.83. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 15.20 and a beta of 1.25. 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 firm has a fifty day moving average of $41.46 and a 200 day moving average of $38.13.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 8th. Stockholders of record on Friday, January 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, December 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.18. ServisFirst Bancshares’s dividend payout ratio is presently 29.20%.

SFBS has been the topic of a number of research reports. 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 report on Tuesday, October 20th. DA Davidson reiterated a “neutral” rating on shares of ServisFirst Bancshares in a research note on Wednesday, October 21st. Finally, Zacks Investment Research cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, December 22nd.

In related news, CEO W Bibb Lamar, Jr. sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $40.24, for a total value of $201,200.00. Also, CEO G. Carlton Barker sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was 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. Insiders have sold a total of 54,884 shares of company stock valued at $2,203,491 in the last ninety days. Insiders own 10.47% of the company’s stock.

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.

Read More: What is the definition of market timing?

Earnings History for ServisFirst Bancshares (NASDAQ: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's FREE daily email newsletter.