ServisFirst Bancshares (SFBS) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

ServisFirst Bancshares (NASDAQ:SFBS) issued its earnings results on Monday. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03), Bloomberg Earnings reports. ServisFirst Bancshares had a return on equity of 16.84% and a net margin of 35.08%.

Shares of ServisFirst Bancshares (SFBS) traded up $0.92 during midday trading on Tuesday, hitting $43.59. 290,704 shares of the stock traded hands, compared to its average volume of 170,107. The company has a market capitalization of $2,310.00, a P/E ratio of 25.20 and a beta of 1.41. ServisFirst Bancshares has a 52-week low of $32.54 and a 52-week high of $44.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. ServisFirst Bancshares’s dividend payout ratio is presently 11.56%.

Several brokerages have recently issued reports on SFBS. Hovde Group set a $44.00 target price on shares of ServisFirst Bancshares and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of ServisFirst Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, BidaskClub downgraded shares of ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th.

In related news, EVP G. Carlton Barker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.25, for a total transaction of $422,500.00. Following the transaction, the executive vice president now owns 126,462 shares in the company, valued at $5,343,019.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO William M. Foshee sold 18,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $40.70, for a total transaction of $732,600.00. Following the transaction, the chief financial officer now owns 289,502 shares in the company, valued at approximately $11,782,731.40. The disclosure for this sale can be found here. Corporate insiders own 14.04% of the company’s stock.

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ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc is a bank holding company whose business is conducted by its subsidiary, ServisFirst Bank (the Bank). The Company’s principal business is to accept deposits from the public and to make loans and other investments. The Company, through its bank, originates commercial, consumer and other loans; accept deposits; provides electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services, and provides correspondent banking services to other financial institutions.

Earnings History for ServisFirst Bancshares (NASDAQ:SFBS)

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