ServisFirst Bancshares (NYSE:SFBS) Issues Earnings Results

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

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS traded down $0.67 during midday trading on Monday, hitting $38.70. 440,179 shares of the stock were exchanged, compared to its average volume of 608,063. The stock has a market cap of $4.23 billion, a P/E ratio of 13.18 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.02. ServisFirst Bancshares has a twelve month low of $33.60 and a twelve month high of $46.04. The company has a 50 day moving average price of $41.87 and a 200-day moving average price of $41.11.

ServisFirst Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 1st were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.76 annualized dividend and a yield of 2.0%. ServisFirst Bancshares’s payout ratio is currently 25.94%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler cut their target price on ServisFirst Bancshares from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Raymond James Financial lowered shares of ServisFirst Bancshares from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $50.00 to $45.00 in a research report on Tuesday, October 6th. Weiss Ratings raised shares of ServisFirst Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Wall Street Zen downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.