ServisFirst Bancshares (SFBS) Scheduled to Post Quarterly Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS) will issue its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

ServisFirst Bancshares Stock Performance

Shares of SFBS opened at $85.69 on Friday. The stock has a 50 day moving average of $79.56 and a 200 day moving average of $70.17. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 23.67 and a beta of 0.86. ServisFirst Bancshares has a 12 month low of $45.21 and a 12 month high of $88.86. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, October 1st. ServisFirst Bancshares’s dividend payout ratio is presently 33.15%.

Insider Buying and Selling at ServisFirst Bancshares

In related news, COO Rodney Eldon Rushing sold 12,000 shares of ServisFirst Bancshares stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $80.58, for a total value of $966,960.00. Following the completion of the sale, the chief operating officer now owns 307,837 shares of the company’s stock, valued at approximately $24,805,505.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of ServisFirst Bancshares from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Hovde Group boosted their target price on shares of ServisFirst Bancshares from $68.00 to $76.00 and gave the company a “market perform” rating in a research note on Tuesday, July 16th.

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.