ServisFirst Bancshares Inc. (SFBS) to Release Earnings on Monday
ServisFirst Bancshares Inc. (NASDAQ:SFBS) is scheduled to issue its Q316 quarterly earnings data on Monday, October 17th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $51.99 million for the quarter.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a return on equity of 15.77% and a net margin of 34.23%. On average, analysts expect ServisFirst Bancshares to post $2.79 EPS for the current fiscal year and $3.12 EPS for the next fiscal year.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.25 on Friday. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 18.60 and a beta of 1.19. The company has a 50-day moving average price of $51.95 and a 200 day moving average price of $50.05.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Tuesday, October 4th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.61%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 11.76%.
A number of research analysts have weighed in on the stock. Raymond James Financial Inc. upgraded shares of ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Thursday, August 25th. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 11,741 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $52.39, for a total transaction of $615,110.99. Following the sale, the executive vice president now directly owns 128,259 shares in the company, valued at approximately $6,719,489.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Andrew N. Kattos sold 4,259 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $52.46, for a total transaction of $223,427.14. Following the sale, the executive vice president now owns 127,597 shares in the company, valued at $6,693,738.62. The disclosure for this sale can be found here. Company insiders own 14.28% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in ServisFirst Bancshares during the second quarter worth about $132,000. KCG Holdings Inc. acquired a new stake in ServisFirst Bancshares during the second quarter worth about $240,000. Capstone Investment Advisors LLC acquired a new stake in ServisFirst Bancshares during the second quarter worth about $273,000. Teachers Retirement System of The State of Kentucky acquired a new stake in ServisFirst Bancshares during the second quarter worth about $395,000. Finally, O Shaughnessy Asset Management LLC raised its stake in ServisFirst Bancshares by 335.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,175 shares of the financial services provider’s stock worth $453,000 after buying an additional 7,067 shares during the period. Institutional investors own 34.03% of the company’s stock.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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