ServisFirst Bancshares - SFBS Stock Forecast, Price & News

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. It also offers other banking products and services comprising telephone and mobile banking, direct deposit, Internet banking, traveler's checks, safe deposit boxes, attorney trust accounts, automatic account transfers, automated teller machines, and debit card systems, as well as Visa credit cards; treasury and cash management services; wire transfer, night depository, banking-by-mail, and remote capture services; and correspondent banking services to other financial institutions. In addition, the company holds and manages participations in residential mortgages and commercial real estate loans originated by ServisFirst Bank in Alabama, Florida, Georgia, and Tennessee. It operates 23 full-service banking offices located in Alabama, Florida, Georgia, South Carolina, and Tennessee, as well as 2 loan production offices in Florida. The company was founded in 2005 and is headquartered in Birmingham, Alabama.

ServisFirst Bancshares Stock Up 1.4 %

SFBS opened at $86.98 on Monday. The company has a market capitalization of $4.72 billion, a PE ratio of 20.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. ServisFirst Bancshares has a fifty-two week low of $69.52 and a fifty-two week high of $97.25. The business has a 50-day moving average of $80.38 and a 200-day moving average of $83.67.

ServisFirst Bancshares (NASDAQ:SFBS - Get Rating) last issued its quarterly earnings data on Monday, July 18th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.01. ServisFirst Bancshares had a net margin of 46.52% and a return on equity of 19.30%. During the same quarter last year, the firm earned $0.92 EPS. Equities research analysts forecast that ServisFirst Bancshares will post 4.63 EPS for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Friday, July 1st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, June 30th. ServisFirst Bancshares's dividend payout ratio is presently 22.17%.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their target price on shares of ServisFirst Bancshares from $97.00 to $94.00 in a research note on Tuesday, April 19th.

Insider Buying and Selling at ServisFirst Bancshares

In other news, Director J. Richard Cashio sold 1,454 shares of the company's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $82.13, for a total transaction of $119,417.02. Following the completion of the sale, the director now owns 448,045 shares in the company, valued at approximately $36,797,935.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Thomas A. Broughton bought 1,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Friday, June 10th. The stock was acquired at an average price of $76.23 per share, for a total transaction of $76,230.00. Following the completion of the purchase, the chief executive officer now owns 251,530 shares in the company, valued at $19,174,131.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J. Richard Cashio sold 1,454 shares of the business's stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $82.13, for a total value of $119,417.02. Following the transaction, the director now owns 448,045 shares in the company, valued at $36,797,935.85. The disclosure for this sale can be found here. Corporate insiders own 8.31% of the company's stock.