ServisFirst Bancshares (NYSE:SFBS) Releases Earnings Results, Misses Expectations By $0.02 EPS

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) released its earnings results on Monday. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.02), Zacks reports. ServisFirst Bancshares had a net margin of 23.16% and a return on equity of 14.81%. The company had revenue of $131.83 million during the quarter, compared to analysts' expectations of $134.13 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share.

ServisFirst Bancshares Price Performance

Shares of NYSE:SFBS traded down $1.00 during midday trading on Friday, hitting $70.74. The company had a trading volume of 143,356 shares, compared to its average volume of 225,112. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. ServisFirst Bancshares has a twelve month low of $58.43 and a twelve month high of $101.37. The business's 50-day simple moving average is $79.40 and its 200-day simple moving average is $85.94. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 17.01 and a beta of 0.89.

ServisFirst Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, April 1st were issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, April 1st. ServisFirst Bancshares's dividend payout ratio (DPR) is presently 30.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler decreased their target price on ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research report on Tuesday.

Insiders Place Their Bets

In other news, Director Christopher J. Mettler sold 18,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $88.68, for a total value of $1,596,240.00. Following the sale, the director now directly owns 17,436 shares in the company, valued at approximately $1,546,224.48. This trade represents a 50.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.70% of the stock is owned by insiders.

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, including 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.