$1.08 Earnings Per Share Expected for ServisFirst Bancshares, Inc. (NASDAQ:SFBS) This Quarter

Equities analysts forecast that ServisFirst Bancshares, Inc. (NASDAQ:SFBSGet Rating) will post earnings per share of $1.08 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ServisFirst Bancshares’ earnings. The highest EPS estimate is $1.12 and the lowest is $1.04. ServisFirst Bancshares posted earnings of $0.92 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that ServisFirst Bancshares will report full-year earnings of $4.51 per share for the current financial year, with EPS estimates ranging from $4.49 to $4.52. For the next fiscal year, analysts forecast that the firm will post earnings of $4.97 per share, with EPS estimates ranging from $4.75 to $5.20. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow ServisFirst Bancshares.

ServisFirst Bancshares (NASDAQ:SFBSGet Rating) last announced its earnings results on Monday, April 18th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. ServisFirst Bancshares had a net margin of 46.29% and a return on equity of 18.82%. During the same period in the prior year, the business posted $0.95 earnings per share.

Several analysts have issued reports on SFBS shares. DA Davidson cut their target price on shares of ServisFirst Bancshares from $97.00 to $94.00 in a research note on Tuesday, April 19th. Zacks Investment Research raised shares of ServisFirst Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Tuesday. Finally, StockNews.com began coverage on shares of ServisFirst Bancshares in a research report on Thursday, March 31st. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.67.

Shares of NASDAQ SFBS traded down $0.09 during midday trading on Wednesday, hitting $79.66. 2,555 shares of the company’s stock were exchanged, compared to its average volume of 195,382. The firm has a market cap of $4.32 billion, a P/E ratio of 20.27 and a beta of 1.05. The stock’s 50 day moving average price is $87.19 and its 200-day moving average price is $85.30. ServisFirst Bancshares has a twelve month low of $63.28 and a twelve month high of $97.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.94 and a quick ratio of 0.94.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Friday, April 1st were issued a $0.23 dividend. The ex-dividend date was Thursday, March 31st. This represents a $0.92 annualized dividend and a yield of 1.15%. ServisFirst Bancshares’s dividend payout ratio is presently 23.41%.

A number of hedge funds have recently modified their holdings of SFBS. State of Tennessee Treasury Department increased its stake in shares of ServisFirst Bancshares by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 17,903 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 2,713 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in ServisFirst Bancshares in the 1st quarter valued at $54,000. JPMorgan Chase & Co. grew its holdings in ServisFirst Bancshares by 32.4% during the first quarter. JPMorgan Chase & Co. now owns 725,384 shares of the financial services provider’s stock valued at $69,121,000 after purchasing an additional 177,656 shares during the period. GSA Capital Partners LLP bought a new position in shares of ServisFirst Bancshares during the 1st quarter worth $374,000. Finally, TD Asset Management Inc. lifted its stake in shares of ServisFirst Bancshares by 31.8% during the 1st quarter. TD Asset Management Inc. now owns 18,501 shares of the financial services provider’s stock valued at $1,763,000 after buying an additional 4,462 shares in the last quarter. Institutional investors and hedge funds own 62.48% of the company’s stock.

About ServisFirst Bancshares (Get Rating)

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, such as 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.

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Earnings History and Estimates for ServisFirst Bancshares (NASDAQ:SFBS)

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