ServisFirst Bancshares (SFBS) Expected to Announce Quarterly Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS) is projected to announce its earnings results after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $126,645.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ServisFirst Bancshares Stock Up 1.0 %

ServisFirst Bancshares stock opened at $88.32 on Friday. ServisFirst Bancshares has a 1-year low of $58.05 and a 1-year high of $101.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day moving average price is $89.93 and its 200 day moving average price is $83.73. The company has a market cap of $4.82 billion, a PE ratio of 23.61 and a beta of 0.91.

ServisFirst Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a yield of 1.52%. This is an increase from ServisFirst Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 2nd. ServisFirst Bancshares’s payout ratio is presently 35.83%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SFBS. Piper Sandler raised their price objective on ServisFirst Bancshares from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Hovde Group upped their price objective on shares of ServisFirst Bancshares from $80.00 to $91.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com raised shares of ServisFirst Bancshares from a “sell” rating to a “hold” rating in a research report on Sunday, January 5th.

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.