ServisFirst Bancshares (SFBS) Expected to Announce Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $1.18 per share and revenue of $134.13 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. ServisFirst Bancshares had a return on equity of 14.81% and a net margin of 23.16%. During the same period last year, the company posted $0.91 EPS. On average, analysts expect ServisFirst Bancshares to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ServisFirst Bancshares Stock Up 0.6 %

Shares of SFBS stock traded up $0.40 during trading hours on Friday, reaching $69.72. 311,257 shares of the stock were exchanged, compared to its average volume of 224,072. ServisFirst Bancshares has a 12-month low of $58.43 and a 12-month high of $101.37. The business's fifty day moving average is $81.27 and its two-hundred day moving average is $86.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $3.81 billion, a P/E ratio of 16.76 and a beta of 0.89.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, April 1st were issued a $0.335 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.92%. ServisFirst Bancshares's payout ratio is 32.21%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised ServisFirst Bancshares from a "sell" rating to a "hold" rating in a report on Sunday, January 5th. Piper Sandler boosted their target price on ServisFirst Bancshares from $95.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th.

Insiders Place Their Bets

In other news, Director Christopher J. Mettler sold 18,000 shares of ServisFirst Bancshares 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 transaction, the director now directly owns 17,436 shares of the company's stock, valued at $1,546,224.48. The trade was a 50.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.40% of the company's stock.

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.