ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) released its quarterly earnings data on Monday. The financial services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24, Yahoo Finance reports. ServisFirst Bancshares had a return on equity of 19.75% and a net margin of 44.67%.
ServisFirst Bancshares Trading Up 0.2 %
SFBS stock opened at $71.92 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.05. ServisFirst Bancshares has a 12-month low of $63.53 and a 12-month high of $97.25. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 16.58 and a beta of 0.92. The business’s 50-day moving average is $71.46 and its 200 day moving average is $78.39.
ServisFirst Bancshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Tuesday, January 3rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.56%. This is a boost from ServisFirst Bancshares’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, December 30th. ServisFirst Bancshares’s payout ratio is presently 25.69%.
Analysts Set New Price Targets
Institutional Investors Weigh In On ServisFirst Bancshares
Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd boosted its holdings in ServisFirst Bancshares by 1,043.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,230 shares of the financial services provider’s stock worth $176,000 after buying an additional 2,035 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in ServisFirst Bancshares by 110.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,457 shares of the financial services provider’s stock worth $253,000 after buying an additional 1,288 shares during the last quarter. Jane Street Group LLC boosted its holdings in ServisFirst Bancshares by 17.8% in the 2nd quarter. Jane Street Group LLC now owns 2,973 shares of the financial services provider’s stock worth $235,000 after buying an additional 449 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in ServisFirst Bancshares by 9.1% in the 1st quarter. Evergreen Capital Management LLC now owns 3,128 shares of the financial services provider’s stock worth $298,000 after buying an additional 261 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in ServisFirst Bancshares in the 1st quarter worth about $591,000. 63.25% of the stock is currently owned by institutional investors and hedge funds.
ServisFirst Bancshares Company Profile
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, such as 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.
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