Wall Street analysts expect ServisFirst Bancshares, Inc. (NASDAQ:SFBS) to announce earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for ServisFirst Bancshares’ earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.93. ServisFirst Bancshares reported earnings per share of $0.80 during the same quarter last year, which suggests a positive year over year growth rate of 21.3%. The company is scheduled to report its next earnings report on Monday, October 18th.
On average, analysts expect that ServisFirst Bancshares will report full year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.85. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.73 per share, with EPS estimates ranging from $3.39 to $3.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow ServisFirst Bancshares.
ServisFirst Bancshares (NASDAQ:SFBS) last issued its quarterly earnings data on Sunday, July 18th. The financial services provider reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). ServisFirst Bancshares had a net margin of 45.04% and a return on equity of 19.36%.
NASDAQ SFBS traded down $1.03 during trading on Friday, hitting $67.85. The company’s stock had a trading volume of 555 shares, compared to its average volume of 158,674. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $68.11. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 18.93 and a beta of 1.16. ServisFirst Bancshares has a 52 week low of $31.93 and a 52 week high of $71.81.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 9th. Stockholders of record on Thursday, July 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, June 30th. ServisFirst Bancshares’s payout ratio is presently 25.56%.
In other news, Director J. Richard Cashio sold 600 shares of ServisFirst Bancshares stock in a transaction that occurred on Monday, June 14th. The stock was sold at an average price of $68.84, for a total transaction of $41,304.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William M. Foshee sold 3,000 shares of ServisFirst Bancshares stock in a transaction that occurred on Tuesday, April 27th. The stock was sold at an average price of $63.81, for a total value of $191,430.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $1,000,096 in the last three months. 9.93% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $25,000. O Shaughnessy Asset Management LLC acquired a new stake in ServisFirst Bancshares in the 1st quarter valued at $63,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $70,000. ETF Managers Group LLC acquired a new stake in ServisFirst Bancshares in the 4th quarter valued at $125,000. Finally, Daiwa Securities Group Inc. acquired a new stake in ServisFirst Bancshares in the 1st quarter valued at $178,000. 57.71% of the stock is currently owned by institutional investors and hedge funds.
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. The company accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. Its 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.
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