ServisFirst Bancshares (NYSE:SFBS) Releases Earnings Results, Beats Estimates By $0.08 EPS

ServisFirst Bancshares (NYSE:SFBS) announced its quarterly earnings data on Monday. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08, Zacks reports. ServisFirst Bancshares had a return on equity of 14.23% and a net margin of 21.16%. During the same quarter in the prior year, the company posted $0.91 earnings per share.

ServisFirst Bancshares Stock Performance

Shares of SFBS stock opened at $89.61 on Tuesday. The stock has a market capitalization of $4.89 billion, a PE ratio of 23.96 and a beta of 0.91. The business’s 50 day simple moving average is $89.85 and its 200 day simple moving average is $84.19. 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 one year low of $58.05 and a one year high of $101.37.

ServisFirst Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from ServisFirst Bancshares’s previous quarterly dividend of $0.30. ServisFirst Bancshares’s payout ratio is 35.83%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Hovde Group lifted their price target on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. StockNews.com upgraded ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Piper Sandler boosted their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

About ServisFirst Bancshares

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.