ServisFirst Bancshares (NYSE:SFBS) Issues Quarterly Earnings Results

ServisFirst Bancshares (NYSE:SFBS) posted its earnings results on Monday. The financial services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08, Zacks reports. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%.

ServisFirst Bancshares Stock Up 1.4 %

Shares of NYSE SFBS traded up $1.27 during mid-day trading on Monday, hitting $89.61. The company had a trading volume of 261,381 shares, compared to its average volume of 218,998. ServisFirst Bancshares has a 1-year low of $58.05 and a 1-year high of $101.37. The company has a market capitalization of $4.89 billion, a PE ratio of 23.96 and a beta of 0.91. 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’s 50-day simple moving average is $89.93 and its 200 day simple moving average is $84.03.

ServisFirst Bancshares Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on SFBS shares. Hovde Group upped their price objective 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 boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report 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.