ServisFirst Bancshares (NASDAQ:SFBS) released its quarterly earnings data on Monday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.03), Bloomberg Earnings reports. ServisFirst Bancshares had a return on equity of 16.84% and a net margin of 35.08%.
Shares of ServisFirst Bancshares (NASDAQ SFBS) traded up $0.92 during mid-day trading on Tuesday, reaching $43.59. 290,704 shares of the company’s stock traded hands, compared to its average volume of 170,107. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2,310.00, a price-to-earnings ratio of 25.20 and a beta of 1.41. ServisFirst Bancshares has a one year low of $32.54 and a one year high of $44.00.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date was Friday, December 29th. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 11.56%.
Several research firms recently issued reports on SFBS. Hovde Group set a $44.00 price objective on shares of ServisFirst Bancshares and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Saturday, January 13th. Finally, BidaskClub cut shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th.
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About ServisFirst Bancshares
ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.
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