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

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates 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%.

ServisFirst Bancshares Price Performance

SFBS traded up $1.27 during trading on Monday, hitting $89.61. 261,375 shares of the company traded hands, compared to its average volume of 218,991. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04. The company has a market cap of $4.89 billion, a PE ratio of 23.96 and a beta of 0.91. The stock's 50-day simple moving average is $89.93 and its two-hundred day simple moving average is $84.03. ServisFirst Bancshares has a 1 year low of $58.05 and a 1 year high of $101.37.

ServisFirst Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.335 per share. This is a positive change from ServisFirst Bancshares's previous quarterly dividend of $0.30. This represents a $1.34 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, January 2nd. ServisFirst Bancshares's dividend payout ratio (DPR) is 35.83%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SFBS. Hovde Group increased their target price on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the stock a "market perform" rating in a report on Tuesday, October 22nd. Piper Sandler increased their target price on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

ServisFirst Bancshares Company Profile

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.

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