ServisFirst Bancshares (SFBS) to Release Quarterly Earnings on Monday

ServisFirst Bancshares (NASDAQ:SFBS) is set to post its quarterly earnings results after the market closes on Monday, April 15th. Analysts expect ServisFirst Bancshares to post earnings of $0.85 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

ServisFirst Bancshares (NASDAQ:SFBS) last posted its earnings results on Monday, January 29th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $109.07 million for the quarter, compared to analyst estimates of $107.00 million. ServisFirst Bancshares had a return on equity of 15.48% and a net margin of 24.52%. On average, analysts expect ServisFirst Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ServisFirst Bancshares Trading Down 1.4 %

Shares of SFBS opened at $59.56 on Friday. The stock has a fifty day moving average of $63.16 and a two-hundred day moving average of $59.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $3.25 billion, a PE ratio of 15.72 and a beta of 0.88. ServisFirst Bancshares has a fifty-two week low of $39.27 and a fifty-two week high of $70.84.

ServisFirst Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Monday, April 1st were issued a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.01%. ServisFirst Bancshares’s dividend payout ratio (DPR) is 31.66%.

Hedge Funds Weigh In On ServisFirst Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of SFBS. BlackRock Inc. grew its position in shares of ServisFirst Bancshares by 2.5% in the 2nd quarter. BlackRock Inc. now owns 7,695,538 shares of the financial services provider’s stock valued at $314,901,000 after acquiring an additional 184,398 shares during the period. Vanguard Group Inc. grew its position in shares of ServisFirst Bancshares by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 5,478,138 shares of the financial services provider’s stock valued at $365,008,000 after purchasing an additional 47,885 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in ServisFirst Bancshares by 31.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,676,883 shares of the financial services provider’s stock worth $200,868,000 after purchasing an additional 876,295 shares during the last quarter. State Street Corp boosted its stake in ServisFirst Bancshares by 11.0% in the 2nd quarter. State Street Corp now owns 2,352,317 shares of the financial services provider’s stock valued at $96,914,000 after purchasing an additional 233,917 shares during the period. Finally, JPMorgan Chase & Co. increased its position in ServisFirst Bancshares by 21.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,589,159 shares of the financial services provider’s stock worth $86,815,000 after buying an additional 278,471 shares during the period. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SFBS shares. Piper Sandler upped their price objective on shares of ServisFirst Bancshares from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. StockNews.com upgraded ServisFirst Bancshares to a “sell” rating in a research report on Tuesday, January 23rd.

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.