ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) is scheduled to release its earnings data after the market closes on Monday, April 17th. Analysts expect ServisFirst Bancshares to post earnings of $1.09 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
ServisFirst Bancshares (NASDAQ:SFBS – Get Rating) last released its earnings results on Monday, January 23rd. The financial services provider reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. The firm had revenue of $177.24 million during the quarter, compared to analyst estimates of $138.50 million. ServisFirst Bancshares had a net margin of 42.44% and a return on equity of 20.11%. On average, analysts expect ServisFirst Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
ServisFirst Bancshares Stock Performance
SFBS stock opened at $51.75 on Monday. The business’s fifty day moving average is $64.96 and its 200-day moving average is $70.79. The company has a market cap of $2.82 billion, a P/E ratio of 11.23 and a beta of 0.84. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.05. ServisFirst Bancshares has a twelve month low of $50.97 and a twelve month high of $93.83.
ServisFirst Bancshares Announces Dividend
Wall Street Analyst Weigh In
SFBS has been the topic of several recent analyst reports. Raymond James initiated coverage on shares of ServisFirst Bancshares in a research note on Thursday. They set a “market perform” rating on the stock. Piper Sandler reduced their price target on shares of ServisFirst Bancshares from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 24th. Finally, StockNews.com assumed coverage on shares of ServisFirst Bancshares in a research report on Thursday, March 16th. They issued a “sell” rating for the company.
Insider Buying and Selling at ServisFirst Bancshares
In related news, Director James J. Filler acquired 2,500 shares of the stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $56.28 per share, with a total value of $140,700.00. Following the completion of the transaction, the director now directly owns 1,374,831 shares of the company’s stock, valued at $77,375,488.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.22% of the company’s stock.
Institutional Investors Weigh In On ServisFirst Bancshares
Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd increased its position in shares of ServisFirst Bancshares by 1,043.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,230 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 2,035 shares during the last quarter. Jane Street Group LLC raised its position in ServisFirst Bancshares by 17.8% during the second quarter. Jane Street Group LLC now owns 2,973 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 449 shares in the last quarter. Engineers Gate Manager LP bought a new stake in ServisFirst Bancshares during the fourth quarter worth $241,000. Advisor Group Holdings Inc. lifted its stake in ServisFirst Bancshares by 110.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,457 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,288 shares during the last quarter. Finally, Point72 Middle East FZE bought a new position in shares of ServisFirst Bancshares in the 4th quarter valued at about $264,000. Institutional investors and hedge funds own 63.25% of the company’s stock.
ServisFirst Bancshares Company Profile
ServisFirst Bancshares, Inc is a bank holding company, which engages in the provision of consumer and commercial banking services. It also offers other loans and accept deposits, electronic banking such as online and mobile banking, remote deposit capture, deliver treasury and cash management, and correspondent banking to other financial institutions.
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