ServisFirst Bancshares (NYSE:SFBS) Announces Quarterly Earnings Results

ServisFirst Bancshares (NYSE:SFBS) released its quarterly earnings data on Monday. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 Performance

NYSE SFBS traded up $1.27 on Monday, hitting $89.61. 261,375 shares of the company’s stock 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 firm’s 50-day moving average price is $89.93 and its two-hundred day moving average price is $84.03. ServisFirst Bancshares has a 1-year low of $58.05 and a 1-year high of $101.37. The firm has a market capitalization of $4.89 billion, a PE ratio of 23.96 and a beta of 0.91.

ServisFirst Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd were paid a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.50%. This is a boost 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%.

Wall Street Analysts Forecast Growth

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

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.