ServisFirst Bancshares (SFBS) Set to Announce Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS) will be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect ServisFirst Bancshares to post earnings of $0.95 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

ServisFirst Bancshares Price Performance

Shares of SFBS opened at $85.69 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $79.56 and its two-hundred day moving average is $70.12. ServisFirst Bancshares has a twelve month low of $45.21 and a twelve month high of $88.86. The firm has a market capitalization of $4.67 billion, a PE ratio of 23.67 and a beta of 0.86.

ServisFirst Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Tuesday, October 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.40%. ServisFirst Bancshares’s dividend payout ratio (DPR) is presently 33.15%.

Analyst Upgrades and Downgrades

SFBS has been the topic of several research analyst reports. Hovde Group boosted their target price on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 16th. Piper Sandler upped their target price on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th.

Insider Buying and Selling at ServisFirst Bancshares

In other news, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total transaction of $966,960.00. Following the completion of the transaction, the chief operating officer now owns 307,837 shares of the company’s stock, valued at $24,805,505.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.40% of the stock is owned by corporate insiders.

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.