ServisFirst Bancshares (NYSE:SFBS) Announces Earnings Results, Beats Expectations By $0.08 EPS

ServisFirst Bancshares (NYSE:SFBS) released its earnings results on Monday. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08, Zacks reports. ServisFirst Bancshares had a net margin of 21.16% and a return on equity of 14.23%. During the same period in the previous year, the firm posted $0.91 earnings per share.

ServisFirst Bancshares Trading Up 2.6 %

Shares of SFBS stock opened at $92.02 on Wednesday. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 24.60 and a beta of 0.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04. ServisFirst Bancshares has a fifty-two week low of $58.05 and a fifty-two week high of $101.37. The firm’s 50 day moving average price is $89.82 and its two-hundred day moving average price is $84.36.

ServisFirst Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.46%. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares’s payout ratio is 35.83%.

Analyst Ratings Changes

Several analysts have recently commented on SFBS shares. Hovde Group raised their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Piper Sandler increased their price target on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, StockNews.com upgraded shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a report on Sunday, January 5th.

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.