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 1.3 %

Shares of NASDAQ:SFBS traded up $1.15 during trading on Tuesday, hitting $87.78. 145,105 shares of the company traded hands, compared to its average volume of 181,314. ServisFirst Bancshares has a fifty-two week low of $69.52 and a fifty-two week high of $97.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93. The business's fifty day moving average is $80.55 and its 200 day moving average is $83.73. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.15 and a beta of 1.03.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the business posted $0.92 earnings per share. Equities research analysts predict that ServisFirst Bancshares will post 4.63 earnings per share for the current fiscal year.

ServisFirst Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Friday, July 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, June 30th. ServisFirst Bancshares's dividend payout ratio is currently 22.17%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director J. Richard Cashio sold 1,454 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $82.13, for a total transaction of $119,417.02. Following the completion of the transaction, the director now directly owns 448,045 shares of the company's stock, valued at approximately $36,797,935.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ServisFirst Bancshares news, Director Irma Loya Tuder purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average cost of $76.60 per share, for a total transaction of $153,200.00. Following the purchase, the director now owns 42,215 shares of the company's stock, valued at approximately $3,233,669. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J. Richard Cashio sold 1,454 shares of the company's stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $82.13, for a total transaction of $119,417.02. Following the sale, 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. Insiders own 8.31% of the company's stock.