ServisFirst Bancshares (NYSE:SFBS) Issues Quarterly Earnings Results

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) issued its quarterly earnings results on Monday. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02), Zacks reports. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. The company had revenue of $131.83 million for the quarter, compared to analysts' expectations of $134.13 million. During the same quarter in the previous year, the business earned $0.94 EPS.

ServisFirst Bancshares Stock Performance

ServisFirst Bancshares stock traded up $0.49 during mid-day trading on Thursday, reaching $71.47. The company's stock had a trading volume of 45,550 shares, compared to its average volume of 244,303. ServisFirst Bancshares has a 12-month low of $58.43 and a 12-month high of $101.37. The company has a market capitalization of $3.90 billion, a P/E ratio of 17.18 and a beta of 0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.95 and a current ratio of 0.95. The firm's fifty day moving average price is $80.13 and its two-hundred day moving average price is $85.98.

ServisFirst Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were paid a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a yield of 1.87%. ServisFirst Bancshares's dividend payout ratio is 32.21%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SFBS shares. Piper Sandler decreased their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research report on Tuesday. StockNews.com upgraded ServisFirst Bancshares from a "sell" rating to a "hold" rating in a research note on Sunday, January 5th.

Insider Activity

In related news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $88.68, for a total transaction of $1,596,240.00. Following the transaction, the director now directly owns 17,436 shares of the company's stock, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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.