ServisFirst Bancshares (NYSE:SFBS) Announces Earnings Results, Misses Expectations By $0.03 EPS

ServisFirst Bancshares (NYSE:SFBS) released its quarterly earnings results on Monday. The financial services provider reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03), FiscalAI reports. ServisFirst Bancshares had a return on equity of 17.42% and a net margin of 30.95%. The business had revenue of $172.93 million for the quarter, compared to the consensus estimate of $173.13 million.

ServisFirst Bancshares Trading Down 1.7%

SFBS traded down $0.67 during mid-day trading on Monday, reaching $38.70. The stock had a trading volume of 440,176 shares, compared to its average volume of 607,098. The firm’s fifty day simple moving average is $41.87 and its two-hundred day simple moving average is $41.11. The stock has a market capitalization of $4.23 billion, a P/E ratio of 13.18 and a beta of 0.91. ServisFirst Bancshares has a 52 week low of $33.60 and a 52 week high of $46.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.98 and a current ratio of 0.98.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, October 1st. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 25.94%.

Wall Street Analysts Forecast Growth

SFBS has been the subject of several research analyst reports. Wall Street Zen downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Raymond James Financial cut ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $50.00 to $45.00 in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, Piper Sandler dropped their target price on shares of ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.50.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is the bank holding company for ServisFirst Bank, a regional financial institution headquartered in Birmingham, Alabama. Founded in 2005, the company provides banking services primarily to businesses, professionals, and individuals through a relationship-focused operating model.

ServisFirst Bank offers commercial and consumer lending, deposit accounts, cash-management and treasury services, online and mobile banking, mortgage lending, and wealth-management solutions.