ServisFirst Bancshares (SFBS) Expected to Announce Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS) is projected to announce its earnings results after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $1.18 per share and revenue of $134.13 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

ServisFirst Bancshares (NYSE:SFBS) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same quarter in the previous year, the firm earned $0.91 EPS. On average, analysts expect ServisFirst Bancshares to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ServisFirst Bancshares Trading Up 0.6 %

NYSE:SFBS opened at $69.72 on Friday. ServisFirst Bancshares has a 12-month low of $58.43 and a 12-month high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $81.27 and a 200 day simple moving average of $86.22. The firm has a market capitalization of $3.81 billion, a P/E ratio of 16.76 and a beta of 0.89.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.92%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 32.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SFBS. Piper Sandler boosted their price target on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th.

Insider Transactions at ServisFirst Bancshares

In other ServisFirst Bancshares news, Director Christopher J. Mettler sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the completion of the sale, the director now directly owns 17,436 shares of the company’s stock, valued at approximately $1,546,224.48. This represents a 50.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.