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

ServisFirst Bancshares (NYSE:SFBS) issued its quarterly earnings results on Monday. The financial services provider reported $1.19 earnings per share (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%. During the same period last year, the firm earned $0.91 earnings per share.

ServisFirst Bancshares Price Performance

Shares of SFBS stock opened at $92.02 on Wednesday. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 24.60 and a beta of 0.91. ServisFirst Bancshares has a 12 month low of $58.05 and a 12 month high of $101.37. The stock has a 50-day moving average price of $89.82 and a 200 day moving average price of $84.36. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, January 2nd were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.46%. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 35.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SFBS shares. Hovde Group boosted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Piper Sandler raised their price objective on shares of ServisFirst Bancshares from $95.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday.

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.