ServisFirst Bancshares (NASDAQ:SFBS) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

ServisFirst Bancshares (NASDAQ:SFBS) posted its quarterly earnings data on Monday. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.03), Morningstar.com reports. The firm had revenue of $75.86 million for the quarter, compared to analyst estimates of $77.30 million. ServisFirst Bancshares had a return on equity of 19.37% and a net margin of 36.49%.

SFBS opened at $32.73 on Thursday. ServisFirst Bancshares has a one year low of $29.90 and a one year high of $44.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s 50 day moving average is $32.95. The company has a market capitalization of $1.73 billion, a PE ratio of 12.37 and a beta of 1.30.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Monday, July 1st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.83%. ServisFirst Bancshares’s dividend payout ratio (DPR) is currently 23.72%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFBS. Welch Group LLC increased its stake in ServisFirst Bancshares by 0.7% in the 2nd quarter. Welch Group LLC now owns 237,917 shares of the financial services provider’s stock valued at $8,151,000 after buying an additional 1,555 shares during the last quarter. Arlington Partners LLC increased its stake in ServisFirst Bancshares by 1,153.7% in the 2nd quarter. Arlington Partners LLC now owns 92,435 shares of the financial services provider’s stock valued at $3,167,000 after buying an additional 85,062 shares during the last quarter. Denali Advisors LLC acquired a new stake in ServisFirst Bancshares in the 2nd quarter valued at $123,000. First Trust Advisors LP increased its stake in ServisFirst Bancshares by 15.3% in the 1st quarter. First Trust Advisors LP now owns 80,386 shares of the financial services provider’s stock valued at $2,714,000 after buying an additional 10,667 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in ServisFirst Bancshares by 11.6% in the 1st quarter. Advisory Services Network LLC now owns 63,039 shares of the financial services provider’s stock valued at $2,128,000 after buying an additional 6,538 shares during the last quarter. 47.67% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on SFBS. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.00.

ServisFirst Bancshares Company Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides banking services to individual and corporate customers in the United States. It offers demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company also provides commercial lending products, such as seasonal loans, bridge loans, and term loans for working capital, expansion of the business, or acquisition of property, 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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Earnings History for ServisFirst Bancshares (NASDAQ:SFBS)

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