ServisFirst Bancshares Inc. (NASDAQ:SFBS) will announce its Q316 earnings results on Monday, October 17th. Analysts expect the company to announce earnings of $0.71 per share and revenue of $51.99 million for the quarter.
ServisFirst Bancshares (NASDAQ:SFBS) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. ServisFirst Bancshares had a return on equity of 15.77% and a net margin of 34.23%. On average, analysts expect ServisFirst Bancshares to post $2.79 EPS for the current fiscal year and $3.12 EPS for the next fiscal year.
ServisFirst Bancshares Inc. (NASDAQ:SFBS) opened at 52.54 on Thursday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 18.70 and a beta of 1.19. The stock’s 50 day moving average price is $51.94 and its 200 day moving average price is $50.04. ServisFirst Bancshares Inc. has a 52-week low of $34.12 and a 52-week high of $53.58.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Tuesday, October 4th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. ServisFirst Bancshares’s dividend payout ratio is currently 11.76%.
Several research analysts recently issued reports on the company. Zacks Investment Research downgraded ServisFirst Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Raymond James Financial Inc. upgraded ServisFirst Bancshares from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Thursday, August 25th.
In other ServisFirst Bancshares news, EVP Andrew N. Kattos sold 4,259 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $52.46, for a total value of $223,427.14. Following the completion of the transaction, the executive vice president now directly owns 127,597 shares in the company, valued at approximately $6,693,738.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew N. Kattos sold 11,741 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $52.39, for a total value of $615,110.99. Following the completion of the transaction, the executive vice president now owns 128,259 shares of the company’s stock, valued at $6,719,489.01. The disclosure for this sale can be found here. Corporate insiders own 14.28% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in shares of ServisFirst Bancshares during the second quarter valued at $132,000. KCG Holdings Inc. acquired a new position in shares of ServisFirst Bancshares during the second quarter valued at $240,000. Capstone Investment Advisors LLC acquired a new position in shares of ServisFirst Bancshares during the second quarter valued at $273,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of ServisFirst Bancshares during the second quarter valued at $395,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of ServisFirst Bancshares by 335.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 9,175 shares of the financial services provider’s stock valued at $453,000 after buying an additional 7,067 shares during the period. Institutional investors own 34.03% of the company’s stock.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions.
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