ServisFirst Bancshares (SFBS) Expected to Announce Earnings on Monday

ServisFirst Bancshares (NYSE:SFBS) is projected to issue its quarterly earnings data 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. Parties that are interested in participating in the company’s conference call can do so using this link.

ServisFirst Bancshares Stock Performance

NYSE SFBS 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 50 day moving average of $89.93 and a 200-day moving average of $83.88. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 23.61 and a beta of 0.91. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.04.

ServisFirst Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders 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 dividend 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 dividend payout ratio is presently 35.83%.

Analyst Ratings Changes

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

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.