ServisFirst Bancshares (SFBS) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

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%.

In other ServisFirst Bancshares news, CFO William M. Foshee sold 18,000 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $40.70, for a total transaction of $732,600.00. Following the completion of the transaction, the chief financial officer now owns 289,502 shares of the company’s stock, valued at $11,782,731.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP G. Carlton Barker sold 10,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.25, for a total transaction of $422,500.00. Following the transaction, the executive vice president now directly owns 126,462 shares of the company’s stock, valued at approximately $5,343,019.50. The disclosure for this sale can be found here. Company insiders own 14.04% of the company’s stock.

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.

Earnings History for ServisFirst Bancshares (NASDAQ:SFBS)

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