ServisFirst Bancshares (SFBS) will report earnings on Monday
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) will release its quarterly results after market close on Monday, April 18. Analysts expect ServisFirst Bancshares to post earnings of $1.04 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its results on Monday, January 24. The financial services provider reported earnings per share (EPS) of $1.03 for the quarter, beating Thomson Reuters consensus estimate of $0.98 by $0.05. The company posted revenue of $108.52 million in the quarter, versus analyst estimates of $108.08 million. ServisFirst Bancshares achieved a return on equity of 19.22% and a net margin of 46.19%. During the same period of the previous year, the company achieved EPS of $0.94. On average, analysts expect ServisFirst Bancshares to post EPS of $4 for the current fiscal year and EPS of $5 for the next fiscal year.
ServisFirst Bancshares stock opened at $83.10 on Friday. The company has a market capitalization of $4.51 billion, a P/E ratio of 21.75 and a beta of 0.99. ServisFirst Bancshares has a 1-year low of $59.32 and a 1-year high of $97.25. The company has a 50-day moving average of $88.17 and a 200-day moving average of $84.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt ratio of 0.06.
The company also recently announced a quarterly dividend, which was paid on Friday, April 8. Shareholders of record on Friday, April 1 received a dividend of $0.23 per share. The ex-dividend date was Thursday, March 31. This represents an annualized dividend of $0.92 and a dividend yield of 1.11%. ServisFirst Bancshares’ payout ratio is currently 24.08%.
Institutional investors and hedge funds have recently changed their stock holdings. Goldman Sachs Group Inc. increased its position in ServisFirst Bancshares shares by 110.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 141,526 shares of the financial services provider valued at $12,021,000 after purchasing an additional 74,214 shares during the period. Barclays PLC increased its position in ServisFirst Bancshares by 74.0% in the 4th quarter. Barclays PLC now owns 109,652 shares of the financial services provider worth $9,314,000 after acquiring a further 46,630 shares in the last quarter. Stifel Financial Corp strengthened its position in ServisFirst Bancshares by 3.9% in the 4th quarter. Stifel Financial Corp now owns 86,833 shares of the financial services provider worth $7,375,000 after acquiring 3,236 additional shares in the last quarter. California State Teachers Retirement System increased its position in ServisFirst Bancshares by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 68,362 shares of the financial services provider worth $5,807,000 after acquiring 1,361 additional shares in the last quarter. Finally, Thrivent Financial for Lutherans strengthened its position in ServisFirst Bancshares by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 39,706 shares of the financial services provider worth $3,373,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds hold 61.47% of the company’s shares.
Several equity analysts have recently released reports on SFBS shares. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a Wednesday, March 30 research report. StockNews.com began covering ServisFirst Bancshares in a research report on Thursday, March 31. They set a “holding” rating for the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $88.00.
About ServisFirst Bancshares (Get an evaluation)
ServisFirst Bancshares, Inc operates as a bank holding company for ServisFirst Bank which provides various retail and corporate banking services. 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 loan products, such as seasonal, bridging and term loans for working capital, business expansion, acquisition of property, 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, deposit-backed loans, and secured and unsecured personal loans.
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