ServisFirst Bancshares, Inc. (NASDAQ: SFBS) is expected to report earnings of $ 0.92 per share
Wall Street analysts expect ServisFirst Bancshares, Inc. (NASDAQ: SFBS) to report earnings of $ 0.92 per share for the current fiscal quarter, according to Zacks. Two analysts have released earnings estimates for ServisFirst Bancshares, with the lower EPS estimate being $ 0.90 and the higher estimate being $ 0.95. ServisFirst Bancshares reported earnings per share of $ 0.75 in the same quarter last year, indicating a positive year-over-year growth rate of 22.7%. The company is expected to release its next earnings report on Monday, July 19.
According to Zacks, analysts expect ServisFirst Bancshares to report annual earnings of $ 3.58 per share for the current year, with EPS estimates ranging from $ 3.55 to $ 3.65. For the next fiscal year, analysts expect the company to report earnings of $ 3.55 per share, with EPS estimates ranging from $ 3.39 to $ 3.65. Zacks’ earnings per share calculations are an average based on a survey of seller-side research analysts who provide coverage for ServisFirst Bancshares.
ServisFirst Bancshares (NASDAQ: SFBS) last released its quarterly earnings data on Sunday, April 18. The financial services provider reported earnings of $ 0.95 per share for the quarter, reaching the consensus estimate of $ 0.95. ServisFirst Bancshares recorded a return on equity of 19.16% and a net margin of 43.87%. The company posted revenue of $ 100.83 million in the quarter, compared to $ 100.32 million expected by analysts.
Several research analysts recently commented on the company. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “keep” rating in a research report released Wednesday. Hovde Group upgraded ServisFirst Bancshares from an “outperformance” rating to a “market performance” rating in a research report published on Wednesday April 7th.
In other ServisFirst Bancshares news, director Hatton CV Smith sold 22,000 shares in a trade on Thursday, April 22. The stock was sold at an average price of $ 61.80, for a total trade of $ 1,359,600.00. Additionally, CFO William M. Foshee sold 3,000 shares in a trade on Tuesday April 27. The stock was sold for an average price of $ 63.81, for a total value of $ 191,430.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 37,000 shares of the company valued at $ 2,359,696. 9.93% of the shares are held by company insiders.
A number of institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. increased its stake in ServisFirst Bancshares by 2.8% during the first quarter. BlackRock Inc. now owns 7,458,657 shares of the financial services provider valued at $ 457,440,000 after acquiring an additional 204,057 shares in the last quarter. JPMorgan Chase & Co. increased its stake in ServisFirst Bancshares shares by 1.7% in the first quarter. JPMorgan Chase & Co. now owns 904,502 shares of the financial services provider valued at $ 55,473,000 after purchasing an additional 15,265 shares in the last quarter. Geode Capital Management LLC increased its stake in the shares of ServisFirst Bancshares by 7.4% in the first quarter. Geode Capital Management LLC now owns 828,479 shares of the financial services provider valued at $ 50,810,000 after purchasing an additional 56,854 shares in the last quarter. Bank of New York Mellon Corp increased its stake in ServisFirst Bancshares shares by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 595,821 shares of the financial services provider valued at $ 36,542,000 after purchasing 2,468 additional shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in ServisFirst Bancshares shares by 24.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 387,364 shares of the financial services provider valued at $ 15,607,000 after purchasing an additional 76,369 shares in the last quarter. Hedge funds and other institutional investors hold 57.73% of the company’s shares.
SFBS shares traded up $ 0.11 at midday on Friday, reaching $ 69.00. The company’s shares had a trading volume of 471,689 shares, compared to its average volume of 206,560. ServisFirst Bancshares has a one-year low of $ 31.67 and a one-year high of 71.81 $. The company has a debt ratio of 0.06, a current ratio of 0.98, and a quick ratio of 0.98. The company has a market cap of $ 3.74 billion, a price-to-earnings ratio of 20.06 and a beta of 1.18. The company has a 50-day moving average of $ 67.17.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 9. Investors of record on Thursday, July 1 will receive a dividend of $ 0.20. The ex-dividend date for this dividend is Wednesday June 30. This represents an annualized dividend of $ 0.80 and a return of 1.16%. ServisFirst Bancshares’ dividend payout ratio (DPR) is currently 25.56%.
Company profile ServisFirst Bancshares
ServisFirst Bancshares, Inc is the banking holding company of ServisFirst Bank which provides various banking services to individuals and businesses. The company accepts sight, term, savings and other deposits; checking, money market and IRA accounts; and certificates of deposit. Its loan products include commercial loan products, such as seasonal, bridge 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 finance, deposit-backed loans, and secured and unsecured personal loans.
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